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Unusual circumstance applying for mortgage
doggiemortgage
Posts: 1 Newbie
Hi all,
I'm new to here, and I'm wondering if anyone can give me a bit of advice about a mortgage application I am making.
I will first tell you my situation. I am single and wish to apply for a mortgage as a first time buyer. I have a 30% deposit and am looking to borrow around £80,000. My salary is enough on mortgage calculators to borrow quite a bit more than this. I am starting a new job this week following being on a temporary contract with the NHS for the past 3 years whilst I achieve my professional qualifications on training. My new job is a permanent position in the NHS, but I still have an outstanding assessment which means it will take up to 9 months until I am fully qualified. My new job has decided to give me up to 3 separate 3 month temporary contracts on my current training salary until such a time I have my professional registration, at which point I will be given a permanent contract with the fully qualified salary. The reasons for the temporary contract are 2 fold: it enables me to be employed whilst my professional registration comes through, and to be upgraded to the full salary in a timely manner, and protects the employer as if, in 9 months time I do not have it, they are able to let me go.
Here lies the problem. Do you think anyone would give me a mortgage? The temporary contracts a really a technicality as there is 'no way' I will not have my professional reg in 9 months. I have 3 months pay slips and a p60 from the job I am employed in until the end of this month (tommorow). I start my new job on 1st Oct. Is there a chance they will not ask for a reference if I have the payslips and p60 from the NHS as it is a respected employer? Or is this wishful thinking! Any advice would be greatly appreciated!!
Thanks!
I'm new to here, and I'm wondering if anyone can give me a bit of advice about a mortgage application I am making.
I will first tell you my situation. I am single and wish to apply for a mortgage as a first time buyer. I have a 30% deposit and am looking to borrow around £80,000. My salary is enough on mortgage calculators to borrow quite a bit more than this. I am starting a new job this week following being on a temporary contract with the NHS for the past 3 years whilst I achieve my professional qualifications on training. My new job is a permanent position in the NHS, but I still have an outstanding assessment which means it will take up to 9 months until I am fully qualified. My new job has decided to give me up to 3 separate 3 month temporary contracts on my current training salary until such a time I have my professional registration, at which point I will be given a permanent contract with the fully qualified salary. The reasons for the temporary contract are 2 fold: it enables me to be employed whilst my professional registration comes through, and to be upgraded to the full salary in a timely manner, and protects the employer as if, in 9 months time I do not have it, they are able to let me go.
Here lies the problem. Do you think anyone would give me a mortgage? The temporary contracts a really a technicality as there is 'no way' I will not have my professional reg in 9 months. I have 3 months pay slips and a p60 from the job I am employed in until the end of this month (tommorow). I start my new job on 1st Oct. Is there a chance they will not ask for a reference if I have the payslips and p60 from the NHS as it is a respected employer? Or is this wishful thinking! Any advice would be greatly appreciated!!
Thanks!
0
Comments
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I suggest you contact a mortgage broker.
they get there fees from the lender should you take up a mortgage with them...so you wont be out of pocket.
Most lenders have slightly varying parameters for lenders.
you never know if there is a lender that will lend on your circumstances, they are best placed to know
Good luck0
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