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Types of staff contract w/r/t mortgages
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1ipstick
Posts: 87 Forumite
Hi all
My o/h is taking on a new job and has been offered the choice of a staff contract or an 'open-ended contract' which pays slightly more but has fewer benefits. We're weighing up the options but wondered if an open-ended contract would be any hindrance in getting a mortgage. We already have one and have re-mortgaged twice in the past but have always had staff contracts. We're finding out a bit more about what the difference is but just wondered if anyone had any advice, specifically with regards to how this would be seen when getting a mortgage (we're hoping to buy a new place in the next few years).
My o/h is taking on a new job and has been offered the choice of a staff contract or an 'open-ended contract' which pays slightly more but has fewer benefits. We're weighing up the options but wondered if an open-ended contract would be any hindrance in getting a mortgage. We already have one and have re-mortgaged twice in the past but have always had staff contracts. We're finding out a bit more about what the difference is but just wondered if anyone had any advice, specifically with regards to how this would be seen when getting a mortgage (we're hoping to buy a new place in the next few years).
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Comments
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depends what they mean by "open ended" don't think that has any regular meaning.
make sure they don'r fall foul of any part time or fixed term unfare conditions legislation.0
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