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First time buyer mortgage after maternity leave
hatsepsovet
Posts: 125 Forumite
I will be going on 3 months maternity leave in May and after returning to work would like to buy a house (renting currently) with my OH.
Someone told me that my maternity leave will count as if "I was out of employment" during my maternity leave and therefore will have to wait for at least 3 months before I should apply for a mortgage.
Is this true?
Has anyone else experienced this?
Many thanks
:money:
Someone told me that my maternity leave will count as if "I was out of employment" during my maternity leave and therefore will have to wait for at least 3 months before I should apply for a mortgage.
Is this true?
Has anyone else experienced this?
Many thanks
:money:
It's best to regret things you have done rather than those you have not...
0
Comments
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Not neccesarily - some lenders will take your full current salary into account as long as you can confirm that you will be going back to work after the 3 month maternity period.I 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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