Can I be included as a second applicant on a mortgage as a supply teacher?

Mrs_MT

My husband is in full time paid employment and we have a decent deposit from the sale of a property we already own.

When speaking to lenders we have based the mortgage on his salary, however one has said including me as an 'unemployed' applicant will affect our application.

This is frustrating as I am not unemployed and my earnings will contribute to the purchase of the house. I have regular hours, earning around £500 a week. It is only due to circumstances beyond my control that I am not on a more formal contract.

Can anyone shed some light and steps forward?

Thanks.

Wh05apk

You should go on the mortgage, however, it is unlikely that they will take your income into account in agreeing the mortgage, you should not be out down as unemployed, ideally out you down as employed, but show your income as zero, if they will not allow your income.

beccal

We had a similar situation and were advised by Halifax that my partner's earnings as a supply teacher could only be taken into account if he had been in regular employment with the agency for a certain length of time (sorry, I can't remember if it was 12 or 18 months - either way he didn't meet the criteria). So it depends how long you have been working as a supply teacher - if you have been working consistently for the last year or so then they may consider your earnings.


Good luck!

Mrs_MT

beccal wrote: »

We had a similar situation and were advised by Halifax that my partner's earnings as a supply teacher could only be taken into account if he had been in regular employment with the agency for a certain length of time (sorry, I can't remember if it was 12 or 18 months - either way he didn't meet the criteria). So it depends how long you have been working as a supply teacher - if you have been working consistently for the last year or so then they may consider your earnings.


Good luck!

Thanks, that's what I thought. Did you have to take the mortgage on your own or was he still named on it?

beccal

I have applied to take it out on my own, with the view to hopefully adding him on at a later date, as they were prepared to offer us significantly more than if he was named on the mortgage. Only thing with doing it this way is the deposit will have to come from me rather than joint savings as the bank may have an issue with him contributing to the deposit if he isn't on the mortgage. Obviously not sure of your situation and whether that would be a suitable option for you...