Mortgage On A Fixed Term Working Contract

kevsmt5

Good Morning,
My partner and I currently rent a house and next month we shall be moving into my parents to save some money for a mortgage.
My partner was looking to get the mortgage in her name only due to past poor credit history of mine.
Currently my partner earns 19k a year and is a full time job in retail pharmacy. Last week she attended an interview for in nhs pharmacy. They called her this week and offered her a position however not the one ahe applied for. They offered her a 12 month fix term contract on same sallary. The position has been fixed term for 12 months at a time for the past 4 year and they always get funding to renew each year. My partner was looking to get a mortgage for around £60000 with a £10000 from savings. This would have been fine with currently being on a permant contract in current position. However the job she has been offered ia her dream job. What are the chances of still getting a mortgage. Her parents maybe guarantors if we asked but we have not broached the subject yet.
Our plan was to move back into my parents for 6 month. I have said if any issue in getting a mortgage we would have saved our deposit still and we cpuld look to rent again until contract on job up and renewed or is made permant in her new post. I and all the family think she should follow her
dreams so would be silly not to. However she is worried about the mortgage situation.
Any advice would be appreciated

Velvet_Glove

I was told by an independent financial adviser when we first started looking that "lenders are normally ok with a 1 year contract". Sadly by the time we came to make an offer on a place I had 5 months left on my contract and the banks that had offered us AIPs then declined us on that basis. I think you should get an AIP but make sure you ask them if the FTC will be an issue as they will not ask you and as in our case, that can lead to disappointment down the line. We are ok now (my manager was lovely and made me permanent - she had to hunt down HR to make them write a letter confirming this though!) but our 'back up' was (and is - we are waiting for the survey results so are not getting too excited) HBOS who at the time, told us that they could help. I have heard that the Co-operative are very good on that basis too.