First Time Buyer - Advice

tully87

Hi,

I'm looking to buy a house for the first time with my girlfriend but have a couple questions regarding mortgages and housing schemes, as it's all new to me

I'm in full time employment and have been for nearly 3 years since graduating but my girlfriend has just started working as a supply teacher 2 months ago. Would a bank take her wages into account for a mortgage or does she have to be working for a certain period of time before they will? If not, is there any kind of housing scheme available that helps with mortgages, as most of the ones I've seen tend to be driven towards those with small deposits.

For the type of house we'd like to buy we have at least 20% saved for a deposit. Would this give us better negotiating power when looking for a mortgage? Is speaking with a mortgage adviser at a bank the next step to take?

Any advice would be greatly appreciated
Thanks

Rebecca01

I would be interested in an answer to this also. I have been on supply for six years, but only accepted more work in the last two years because of childcare.

Is it treat the same as self employed or are workers different?

Thank you.

kingstreet

Does "supply" equal temporary/agency?

If it does, that could be an issue if you haven't been doing it for long.

Lenders who will accept are likely to want to see long-term evidence such as P60s.

A broker, or a call to Teachers Building Society might be a start.

Rebecca01

Yes supply means working generally through an agency on an adhoc basis. Paid by an umberella company.

sulphate

My husband is an instrumental teacher in a school and although he gets paid through the payroll, he has a rolling contract which means it states on his payslips "supply/casual hours" and therefore we couldn't use his salary for the mortgage application. We would have been OK if we'd had waited for a few more months, as they would have accepted him if his contract had been renewed before but he's been doing it for less than a year.

It depends on the lender - the first mortgage advisor at a lender we spoke to said absolutely no way we could borrow ANYTHING because of this. The second lender (the one we've now made an application with) just said the above.