Do Lloyds lend to fixed term workers?

Alex_88

Hello,

I am in permanent employment but my fiance is on a fixed term contract as a plumber for a housing association, the contract is nearing the end of 2 years in March and will be renewed for another year although he has only had verbal confirmation so far nothing in writing yet. Lloyds Local Lend a Hand Scheme has just been launced in our area which we are interested in but can't find anything on Lloyds mortgage lending criteria.

Does anyone know whether Lloyds lend to fixed term workers?

Thanks

Dave_Ham

It is highly likely you will need to ask Lloyds directly as most of the people here who would know are brokers and we do not have access to this scheme.

Good luck

Dave_the_Ginger_Cat

Here's a link to their site

http://www.lloydsbank.com/mortgages/offers/local-lend-a-hand.asp

Generally the approach to short term contracts is to look at how typical they are for that industry and at the likelikhood of ongoing renewal.

So for teachers, and increasingly some medical contracts, they are isused on 12 or 24 month basis. I've not seen this before for plumbers, and can't answer for this lender, so do give them a call