Fixed term work contract and going on maternity - is a mortgage poss?

budeman

Hi,

I would like to buy a property with my sister and we have 15% deposit saved to buy a house valued at £150,000. I earn £30k and my sister has been working on a fixed term contract earning £33k but is due to go on maternity in June - and the contract will not be renewed when she comes back off from maternity.

I have read a few posts about getting a mortgage with temp contract work some saying it is possible some say not. Is there any chance of getting a mortgage given the situation?

(We both have v good credit ratings)

Thanks,

neil277

budeman wrote: »

hi,

i would like to buy a property with my sister and we have 15% deposit saved to buy a house valued at £150,000. I earn £30k and my sister has been working on a fixed term contract earning £33k but is due to go on maternity in june - and the contract will not be renewed when she comes back off from maternity.

I have read a few posts about getting a mortgage with temp contract work some saying it is possible some say not. Is there any chance of getting a mortgage given the situation?

(we both have v good credit ratings)

thanks,

paye slips needed

budeman

neil277 wrote: »

paye slips needed

Would that be all we needed? My sister has been with the same employer for 18 months so these can be provided.

PasturesNew

Will either of you be living in it? Or is it to rent out?

budeman

PasturesNew wrote: »

Will either of you be living in it? Or is it to rent out?

My sister will be living in it.