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Mortgages and Fixed Term Contracts
dolaikai
Posts: 1 Newbie
All
I am trying to move my career in a new direction and have been offered a 12 month fixed term contract which would be an ideal next step for me.
However, during the next 12 months (in about 9 months) I will need to renew my mortgage, so I was wondering if being on a fixed term contract will jeopardize my chances for getting a new mortgage (I have approx 50% equity in my house, my annual earnings will equate to approx 50% of the loan value which I need and I have no other debt or loans).
Any advice would be very gratefully received!
Kind regards
Dolaikai
I am trying to move my career in a new direction and have been offered a 12 month fixed term contract which would be an ideal next step for me.
However, during the next 12 months (in about 9 months) I will need to renew my mortgage, so I was wondering if being on a fixed term contract will jeopardize my chances for getting a new mortgage (I have approx 50% equity in my house, my annual earnings will equate to approx 50% of the loan value which I need and I have no other debt or loans).
Any advice would be very gratefully received!
Kind regards
Dolaikai
0
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