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Mortagage for temporary worker


Hi,

I was wondering if anyone new of a mortgage lender that would be willing toconsider a borrower that was on a temporary contract with work.

I am in the fortune position that I had a good deposit (50k) and although Iam a temporary worker I have been contracted at the same company for over 2yrs. However when I spoke to my bank about applying for a mortgage, they saidmy income would not be taken into account therefore I wasn’t even eligible toapply for a mortgage with them. So Im left wondering…if my own bank that I’vebeen with for 15+ years won’t consider me....is there any hope elsewhere?? :(

Thoughts and advise very welcome!

Comments

  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Hi there,

    Do not worry there are other options, although not all on the high street.

    What exactly does your contract look like; is it just through one company?

    Will it ever be made permanent or are you a contractor rather than temporary.

    Devil is in the detail, but there will be options. Likely to need a broker to deal with this one though and your deposit makes a big difference (depending on purchase price obviously...)
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
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