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First Time Buyers, one permanent, one fixed term contract, is this feasible?

FirstTimeBuyer2
FirstTimeBuyer2 Posts: 2 Newbie
edited 10 January 2015 at 2:57PM in Mortgages & endowments
-Deleted to remove personal info-

Comments

  • Our situation is very different to yours but I thought it'd give you our input. I am a full time employee earning £22000 per year and my partner was literally days into a 12 month contract (started on 08.12.14, mortgage application started 09.12.14). He had previously been in employment in the same industry for 5 years and moved due to better wage/prospects (a question they asked). His annual salary is £21740. We were applying for a 5% deposit mortgage through L&C Mortgage broker and we have received our mortgage offer. Our offer was accepted at £117000. Fingers crossed you would be successful. From our experience we would definitely recommend L&C. We are first time buyers, no dependents and around £1400 in credit card debt.
  • Thank you for replying, and congratulations on getting a mortgage! :)

    I'm really glad to hear that, people keep saying we will be really limited on a mortgage with me being on a contract, but there must be something out there for us, so many people are on a contract now. :)
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