Mortgage for supply teacher?

liz3573

Anyone know where I can get a 'moving house' mortgage joint with a supply teacher - I'm having trouble as they are classed as temporary workers - any tips for me please? Broker has told me that NOBODY will touch this.
Thanks, Liz

Dave_Ham

Tell us a bit more and will be able to be more definitive.

How long have you been a supply teacher?
Any broken service aside from school holidays?

Deposit and mortgage needed?
OH earnings and employment

Any adverse credit..?

Will be able to give you a better idea, although definitely possible subject to the above...

liz3573

Hi

I earn £31K plus £3K overtime p.a. and am in permanent employment, and his average earnings over the past 3 years have been £10K (the 3 years since leaving Uni: £4K (part-year), £11K, £17K).

I want to borrow £160K with a £20K deposit against a £180K house.

Any idea who will lend me on my salary plus a tiny bit of his? A broker has told me I won't get a mortgage with him anywhere.

Alternatively if I could borrow £160K on my own?

Thanks

Liz :T

liz3573

..and no adverse credit, etc....

Dave_Ham

This can be done, will be a broker case and it just looks like you got unlucky with your broker...

Why does OH employment income differ so much - a likely question a bank or building society will ask?

liz3573

thanks for your help, can you recommend a good broker? OH income started low and improved because in the first year it was only a Sept to April income, second year he did a lot of childcare for my daughter (who is now at school) and so 3rd year is more reflective of his earning power I think.
Liz

liz3573

Just thought I'd post an update to my dilemma.
I have mortgage with the Nationwide! So long as you can show 2 years' worth of payslips and a letter from the teaching agency - no problems, even with a 90% LTV.

Thanks for the posts!

Liz :j

harvey115

That was a very quick turn around!