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    • Jkbc90
    • By Jkbc90 19th May 17, 6:41 PM
    • 85Posts
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    Jkbc90
    First time buyer - temporary agency contract
    • #1
    • 19th May 17, 6:41 PM
    First time buyer - temporary agency contract 19th May 17 at 6:41 PM
    Hi everyone

    Has anyone successfully got a mortgage through nationwide (or elsewhere) on a temporary contract through an agency? Nationwide have said we will be accepted but would love some advice or stories of past experiences from real people. We have had an offer accepted (115k) we have the deposit and all in all we are good to go. Any other temp workers that have been able to secure a mortgage? It feels too good to be true.

    (Main income is 22k, excellent credit score, no defaults or late payments etc, been in the job for 16 months and it's an ongoing contract)
Page 1
    • ACG
    • By ACG 19th May 17, 7:32 PM
    • 15,399 Posts
    • 7,786 Thanks
    ACG
    • #2
    • 19th May 17, 7:32 PM
    • #2
    • 19th May 17, 7:32 PM
    I have had one and it was with Nationwide.
    But as I say a lot on here, the devil is in the detail. One person being accepted does not mean the next person will be even if their situations appears on the face of it to be identical.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Muneyman
    • By Muneyman 19th May 17, 8:36 PM
    • 1 Posts
    • 0 Thanks
    Muneyman
    • #3
    • 19th May 17, 8:36 PM
    • #3
    • 19th May 17, 8:36 PM
    I would recommend a broker really but try NatWest. 12m min though and income is average of last six. Assuming you're a agency not fixed term contractor. Nationwide mostly cheaper so I don't honestly think you'll do better.
    • easilydistracted
    • By easilydistracted 22nd May 17, 5:12 PM
    • 461 Posts
    • 503 Thanks
    easilydistracted
    • #4
    • 22nd May 17, 5:12 PM
    • #4
    • 22nd May 17, 5:12 PM
    I would definitely try a broker. When I bought with my partner most places were incredibly picky about lending on a temp contract. Nationwide messed us about royally but did eventually lend based on my partner having had at least one temp contract renewal and a year left to run. This was about a year ago.
    • Thrugelmir
    • By Thrugelmir 22nd May 17, 6:19 PM
    • 55,196 Posts
    • 48,404 Thanks
    Thrugelmir
    • #5
    • 22nd May 17, 6:19 PM
    • #5
    • 22nd May 17, 6:19 PM
    and it's an ongoing contract)
    Originally posted by Jkbc90
    People are employed on a temporary basis for a reason. The end can often be very sudden. What's your notice period?
    “ “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Marks Templeton
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