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  • FIRST POST
    • SonicKris
    • By SonicKris 4th Oct 17, 8:15 PM
    • 1Posts
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    SonicKris
    Newly Qualified Teacher (NQT) mortgage trouble - 6 months employement history???
    • #1
    • 4th Oct 17, 8:15 PM
    Newly Qualified Teacher (NQT) mortgage trouble - 6 months employement history??? 4th Oct 17 at 8:15 PM
    Hello, my partner and I are currently going through the mortgage process. She has been at university studying for 4 years and has now graduated and is a Newly Qualified Teacher (NQT) we got told that we would be accepted for a mortgage and that our incomes were fine etc. However we've received an email saying that she needs to provide 6 months of continuous employment history? How could she possibly have this when they know she's been studying at university for the past 4 years and has only just qualified as a teacher? Is there a way around this? Surely they shouldn't accept NQT's if they expect that? Thanks for the help
Page 1
    • htaylor16
    • By htaylor16 4th Oct 17, 8:58 PM
    • 21 Posts
    • 10 Thanks
    htaylor16
    • #2
    • 4th Oct 17, 8:58 PM
    • #2
    • 4th Oct 17, 8:58 PM
    Did she work while studying? Could you use that. Otherwise it might be that you have to wait until she's worked as an NQT for six months until you can apply.
    • katebl
    • By katebl 4th Oct 17, 9:22 PM
    • 609 Posts
    • 296 Thanks
    katebl
    • #3
    • 4th Oct 17, 9:22 PM
    • #3
    • 4th Oct 17, 9:22 PM
    Did you go through a broker and did they ask for payslips or anything, I'm pretty sure I've been asked for length of employment with any (tentative) applications I've made. Even if you went directly surely they would have asked the question when you applied?
    • amnblog
    • By amnblog 5th Oct 17, 7:31 AM
    • 10,071 Posts
    • 3,926 Thanks
    amnblog
    • #4
    • 5th Oct 17, 7:31 AM
    • #4
    • 5th Oct 17, 7:31 AM
    How could she possibly have this when they know she's been studying at university for the past 4 years and has only just qualified as a teacher?
    Originally posted by SonicKris
    She can't

    Is there a way around this?
    Originally posted by SonicKris
    Not with the Lender you have selected here.

    Surely they shouldn't accept NQT's if they expect that?
    Originally posted by SonicKris
    It appears they don't.

    There is either some poor communication here, or uninformed choice from you, or a mistake by a Broker.

    Most likely you simply need a different lender.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
    • Emma0912
    • By Emma0912 19th Oct 17, 7:05 PM
    • 1 Posts
    • 0 Thanks
    Emma0912
    • #5
    • 19th Oct 17, 7:05 PM
    • #5
    • 19th Oct 17, 7:05 PM
    Hi, I'm and NQT, did you manage to get a mortgage? Are you in Scotland? Thanks!
    • YHM
    • By YHM 19th Oct 17, 8:52 PM
    • 303 Posts
    • 99 Thanks
    YHM
    • #6
    • 19th Oct 17, 8:52 PM
    • #6
    • 19th Oct 17, 8:52 PM
    Emma

    I am confident a broker could secure you a mortgage, irrespective of your base country
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, 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
    • liviboy
    • By liviboy 19th Oct 17, 10:02 PM
    • 365 Posts
    • 128 Thanks
    liviboy
    • #7
    • 19th Oct 17, 10:02 PM
    • #7
    • 19th Oct 17, 10:02 PM
    Hi, I'm and NQT, did you manage to get a mortgage? Are you in Scotland? Thanks!
    Originally posted by Emma0912
    Both Bank of Scotland and Nationwide offered mortgages to probationers (what NQTs are called in Scotland) in my school shortly after starting their induction year.

    One went through an excellent (their opinion) broker (Bank of Scotland), the other went direct with Nationwide though both she and her partner had banked with NW since they were children.
    • zagubov
    • By zagubov 19th Oct 17, 11:54 PM
    • 14,952 Posts
    • 127,777 Thanks
    zagubov
    • #8
    • 19th Oct 17, 11:54 PM
    • #8
    • 19th Oct 17, 11:54 PM
    There will be over a half of a million people needed in teaching every year. Many lenders will value teachers as they have (like the emergency services and undertakers) a certain inevitable guaranteed future in the employment market.
    If you haven;t contacted a broker, (which you probably should) have you contacted the Teachers Building Society?
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
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