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    Can i get a mortgage on Fixed Term Contract?
    • #1
    • 18th May 10, 8:54 PM
    Can i get a mortgage on Fixed Term Contract? 18th May 10 at 8:54 PM

    Me and my fella are looking at houses at the mo. But, i am unsure if i will be approved a mortgage.

    My fella has a good job earning about £25k. I am employed on a fixed term contract - ending next March - but the contract has been renewed for a further year after as we won more funding. I have been in post for nearly 4 months now. and earn £17k.

    Would we be able to get a mortgage with me being fixed term? even though my fella is the main earner?

    We went to Nationwide a while ago and they said i would not be considered.. but most contracts now a days are fixed - it does not seem fair, does anyone know any lenders who can offer us a mortgage?

Page 1
    • penguine
    • By penguine 18th May 10, 9:31 PM
    • 1,086 Posts
    • 3,121 Thanks
    • #2
    • 18th May 10, 9:31 PM
    • #2
    • 18th May 10, 9:31 PM
    In the current economic climate I doubt any lender will consider your income unless you have 2 years' worth of accounts. It might not seem fair, but then if you buy a property and your contract isn't renewed and you can't keep making your mortgage payments, that won't seem very fair either.
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