Getting a mortgage as a trainee solicitor (2 year contract)

lettice

Hi!

My fiance and I are looking into buying our first home in the next 12 months but the problem is I am wondering whether any mortgage companies will take my earnings into account, considering I will be on a fixed term contract. (My fiance is on a permanent contract and earns more than me.)

The houses we like cost in the region of £165,000 (which is 3 times our joint income). We have a deposit of around 10-15% saved currently and are hoping to increase it over the course of the next 6 months (although I guess some of that will go on SDLT, fees, searches, and all that) so I guess we would be looking to borrow around £140,000.

Will any mortgage companies take into account my earnings when offering us a mortgage?

Thanks!

amnblog

Some lenders will be OK, depending on the terms of your contract.

When the time comes - speak to a mortgage broker.

lettice

amnblog wrote: »

Some lenders will be OK, depending on the terms of your contract.

When the time comes - speak to a mortgage broker.

Thank you for your quick reply.

I realise you can't give a concrete answer but do you think that a lender would be prepared to lend us the amount we need?

amnblog

Yes, I dont see why not based on what you have said.