second property mortgage

soontobemrsd

Hi.
me and my partner are looking into a mortgage for our first house together. Were getting married next year. I already have a mortgage and rent that property out. We are renting ourselves atm. I am in a permanent job with NHS at about £35kpa partner is on a fixed term contract due to needing to work but no permanent jobs availiable at time. He also does contracting around the country. We are saving for deposit and hope to have about 10-15% in about a year 18 months when we hope to move. partners contract runs out in november and we dont know if it will get extended.
what are the best mortgage options for us. Do i go for the mortgage and he comes on when finds permanent work, try for a joint one, or anything else anyone can offer advice on would be gratefully recieved.
thanks.

getmore4less

You will be best to wait till you know the work situations you are over a year away from applying and things change.

You also need to look at area, house valuse, LTV and income multiples. without that info you can't even start to develop a plan.

Best thing you can do is save as much as possible, reduce outgoings for a year.
bigger savings give flexability on LTV and max lending.

eg on 4* multiple of you only thats £140/0.9 = £155k with £15k 10% deposit or £140/0.85 = £164k with £24k 15%