2 part time jobs equals one full time for a mortgages?

fimonkey

This is a bit of a complicated issue so pelase bear with me. I am currently employed on a full time contract by an associate college of a nearby university. I am undertaking a part time PhD (0.6WTE) with this university and have won an award to support my studies which covers my salary costs.

In order to administer the grant, the university want me to sign a part time contract with them for a fixed term of 5 years 0.6WTE, and sign a part time contract with the college for the remainder (0.4WTE). I would then be paid 60% of my salary from the Uni, and 40% from the college and essentially be a part time employeee of both as opposed to a FT employee of one.

I am assured my net pay won't be affected, but in terms of obtaining a mortgage as a FTB in the next two years, will having 2 PT contracts over a fixed term of 5 years be less advantageous than remaining on my FT contract with one employer? Insticntively I feel it will, but I need to know why before I put this to my employers.

Is it worse to essentially have 2 PT 'jobs' as opposed to 1 FT for a mortgage?

Also, prob not the right board to ask this, but can anyone think of any other implications (i.e pension/tax etc)

Thanks in advance

Let_Us_See

Basically, yes. For mortgage purposes one full time income will provide greater options than 2 PT incomes.