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Mortgage while on a contract?
milliebear00001
Posts: 2,120 Forumite
Hi there
You've been so helpful with my queries, that I thought I'd post another!
I am a teacher, about to start a 1 year contract. It occurs to me, that this might be a problem to a mortgage company - what do other contract workers do? I am hoping I'll have my contract made permanent, but it's possible the school will just roll it on for another year (falling rolls mean I may not be needed at some future point!) Do high street lenders lend to contract workers, or people who do teaching supply work and are essentially self-employed?
You've been so helpful with my queries, that I thought I'd post another!
I am a teacher, about to start a 1 year contract. It occurs to me, that this might be a problem to a mortgage company - what do other contract workers do? I am hoping I'll have my contract made permanent, but it's possible the school will just roll it on for another year (falling rolls mean I may not be needed at some future point!) Do high street lenders lend to contract workers, or people who do teaching supply work and are essentially self-employed?
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Comments
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I'm on a short term contract, and HSBC said they would give me a mortgage (for more than I could safely afford to repay!!!), so it might be worth asking them?Live on £11k in 2011
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Some lenders will and some will not
It will depend a lot on your whole scenario - especially in the current climateI am a Mortgage AdviserYou 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.0
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