We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Fixed Term Contract vs Trying to get a mortgage
FirstTimeBuyerHelpNeeded
Posts: 1 Newbie
I have six months left on my FTC and am hopeful to take up a permanent position between then! But wish to get a mortgage now with partner who has permanent contract.
Does anyone have any info on whether having a FTC would hinder my chances of getting a mortgage with my partner?
Any help/advice would be much appreciated!!!
Does anyone have any info on whether having a FTC would hinder my chances of getting a mortgage with my partner?
Any help/advice would be much appreciated!!!
0
Comments
-
What's an FTC?0
-
Fixed term contract of employment
We got a mortgage, albeit in 2013, with me on a FTC and other half full time perm contract. we used a broker and remember there was a smaller pool of mortgage providers who would lend. Also there was a stipulation on our mortgage that had to have either 12 months of FTC contracts in total or over 12?months to go on current one.0 -
Has the contract been renewed at least once, or is it your first?
If it's your first you're going to have a limited pool of lenders, if any.
Definitely one for an independent mortgage broker.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 -
We got a mortgage whilst I was technically unemployed (awaiting going back to work after a period of unpaid leave for university) and whilst my partner was about to reduce his hours.
We used a broker (London and Country) and there was only 1 lender who would lend to us. This was a very competitive rate though so we went with it.
This was a remortgage though.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards