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Zero Hour Contracts
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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
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Stick with the SVR with your current provider and then look to remortgage in six months when your employment status is confirmed?0
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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
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