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first time buyer
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princess295
Posts: 55 Forumite
im looking to buy my first home but would like some advice.
I have finally finished uni and been able to gain employment, I have a part time contract for 18.5 hours a week, at the moment there are no full time posts so my employer has offered me casual work for the additional 18.5 hours a week so I will be working full time. this casual work is going to be available for the long term. the salary for a full time post is £23, 180. I have £24000 saved for a house, this will include deposit, fees and various items needed for a home, although I have bought a lot of things already.
will I be able to get a mortgage with a part time salary and casual salary?
I have finally finished uni and been able to gain employment, I have a part time contract for 18.5 hours a week, at the moment there are no full time posts so my employer has offered me casual work for the additional 18.5 hours a week so I will be working full time. this casual work is going to be available for the long term. the salary for a full time post is £23, 180. I have £24000 saved for a house, this will include deposit, fees and various items needed for a home, although I have bought a lot of things already.
will I be able to get a mortgage with a part time salary and casual salary?
0
Comments
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Until you have a decent record of receiving it, perhaps for a year or more, the casual income may not be included by many lenders.
In which case, only your part-time but permanent income would be included for affordability.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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