Mortgage Application (1) Permanent (1) Fixed Term Contract

vincem101

Hi,

I'm wondering if any of you have experience of lenders who will provide a mortgage in the following situation?;

Applicant (1) - in a permanent job for the past 3 1/2 years. low twenty thousands salary

Applicant (2) - currently self employed turning a profit in the low teens. Planning to move in the next few weeks on to a fixed term contract role for 1 year, with the probability of a 2nd year. Increase in pay to mid twenties.

I have so far tried nationwide who will either will refuse to lend to applicant 2.

Not sure if anyone is able to provide a mortgage in the above situation but any pointers would be great!

Paully232000

We were in similar situation a couple of years ago, one on fixed term contract, one perm, although on higher salaries and in jobs for longer.
We got a mortgage by going through a broker, who charged us 299 for the help, and got us the mortgage for the amount we wanted.

I guess it depends on the criteria for FTC of each mortgage providers, taking into consideration other aspects of your finances, and without going to every one and asking them you will not know, so speaking to a broker will be such a shorter process and worth every penny imho.