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.
📨 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
Zero Hour Contracts
northmeetssouth
Posts: 1 Newbie
Hi,
My partner and I are in a tricky situation in that we are both on contracts. I am on fixed term contract which has been renewed several times and is around 2 years service currently but will either expire or become permanent around the time our fixed term mortgage expires. I won't know the employment outcome until closer to the time, which is currently around 6 months away. My partner is also on contract which has been renewed several times and has around 2 years of service however he is on a zero hour contract. He will most likely be offered another contract as the work is ongoing however it will probably be another zero hour contract. We will have approx 80% LTV. What companies is it worth approaching to consider our mortgage?
Thank you
My partner and I are in a tricky situation in that we are both on contracts. I am on fixed term contract which has been renewed several times and is around 2 years service currently but will either expire or become permanent around the time our fixed term mortgage expires. I won't know the employment outcome until closer to the time, which is currently around 6 months away. My partner is also on contract which has been renewed several times and has around 2 years of service however he is on a zero hour contract. He will most likely be offered another contract as the work is ongoing however it will probably be another zero hour contract. We will have approx 80% LTV. What companies is it worth approaching to consider our mortgage?
Thank you
0
Comments
-
Stick with the SVR with your current provider and then look to remortgage in six months when your employment status is confirmed?0
-
What is your existing lender willing to offer you?
The result of the General Election tomorrow may have a bearing on Zero Hour contracts. Lenders will adjust their criteria accordingly.0 -
Thrugelmir wrote: »The result of the General Election tomorrow may have a bearing on Zero Hour contracts. Lenders will adjust their criteria accordingly.
You have greater hope than many of us Thrug.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
northmeetssouth wrote: »What companies is it worth approaching to consider our mortgage?
Broker Companies not Lending Companies.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards