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Getting a mortgage while on a fixed term contract
Hoping_for_some_help
Posts: 2 Newbie
Hello
I'm currently working full time on an 18 month contract which has a view of extention or permanancy. I also have £55k cash from a previous property sale and I also have a very good credit history. Can anyone advise me if I would get a mortage? I'm really keen to get back on the property ladder asap as am starting to worry that it I don't do it now then I will struggle. I'd be buying a property for approx £130k.
A couple of bank staff I've spoken to haven't really been very positive about it.
What do you think!? Really appreciate any advice.
I'm currently working full time on an 18 month contract which has a view of extention or permanancy. I also have £55k cash from a previous property sale and I also have a very good credit history. Can anyone advise me if I would get a mortage? I'm really keen to get back on the property ladder asap as am starting to worry that it I don't do it now then I will struggle. I'd be buying a property for approx £130k.
A couple of bank staff I've spoken to haven't really been very positive about it.
What do you think!? Really appreciate any advice.
0
Comments
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You do not say what your income is, but you should be able to find a mortgage lender to help.
Don't let banks do too many credit searches, as it could harm an application with a lender that is ok with your employment status.
A good WOM adviser would be able to helpI 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 -
Hi - thanks for the above.
Not a big earner - just under £20k. So was hoping for approval of 4 times my salary.
What kind of mortgage adviser is WOM adviser?
Many thanks.
Fiona0 -
Sorry Fiona
WOM = Whole of marketI 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 -
Which lenders do you think are nicer about fixed term contracts?0
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