Fixed term employment and mortgages

Enigma80

Hi all, just wondered what the situation is with fixed term contract employment and the likelyhood of getting a mortgage. My partner is permanent, but I am on a contract with about a year left (not heard about renewal yet), but it's already been renewed once and this is my 5th year working in this field.

We have about 10% to put down, maybe 15% at a push but that would mean we wouldn't have anything left.

We seem to be managing now and I can't see a problem as we're paying out as it is as well as saving and tend to have enough left over each month.

A few people have told me not to make it any harder for myself by telling the lender I'm on contract and just to say I'm permament. I want to do things openly and honestly as I can, what ever helps me out long term. However, their argument is that it won't make a difference either way to me whether I'm permanent or contracting, it'll only make it harder to get a loan in the first place.

Does anyone have any ideas as to whether lenders are likely to accept an application from me?