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Temporary contract/secondment & remortgage
Beckyy
Posts: 2,833 Forumite
Just query before our re-mortgage.
I'm currently on a temporary contract via secondment, my contract states I will return to my previous position as end of temporary period but I've just been extended on it for another few months which will overlap with our remortgage. There's a big difference in basic pay, but old basic should be enough for what we need to borrow.
Would lenders be okay with this on the basis I do have a permanent position as it's via secondment? I'm assuming they'll use my old basic pay for affordability etc.
I'm currently on a temporary contract via secondment, my contract states I will return to my previous position as end of temporary period but I've just been extended on it for another few months which will overlap with our remortgage. There's a big difference in basic pay, but old basic should be enough for what we need to borrow.
Would lenders be okay with this on the basis I do have a permanent position as it's via secondment? I'm assuming they'll use my old basic pay for affordability etc.
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