Doctor couple on zero hours contracts

spakkaman

My daughter and her long term partner from college are looking to buy a house. Recently both have opted to locum to earn good money for less stress after slogging through the recent years of uni and junior doctoring for a couple of years. Tthey are set to non locum on full contacts again from august this year but want to buy in the summer!
Both are mid twenties and want to sort a mortgage but have been told by a national broker no can do.
Parents can back them strongly but no idea where to go.
Read that self cert in Czech Rep a possibility - any ideas??

HOWMUCH

My daughter managed to get a mortgage whilst in her F2 year. If they are locuming then they will be self employed.

HappyMJ

spakkaman wrote: »

My daughter and her long term partner from college are looking to buy a house. Recently both have opted to locum to earn good money for less stress after slogging through the recent years of uni and junior doctoring for a couple of years. Tthey are set to non locum on full contacts again from august this year but want to buy in the summer!
Both are mid twenties and want to sort a mortgage but have been told by a national broker no can do.
Parents can back them strongly but no idea where to go.
Read that self cert in Czech Rep a possibility - any ideas??

Rent in the meantime. They need at one years of accounts to get a mortgage.

It's not that much more expensive to rent a property.

csgohan4

The problem is they will be self employed and therefore there is not enough time to get their accounts to show to the lender. You need at least 1 years generally, preferably 2 to get the better rates


Not worth locuming in long run, NHS has capped locum rates quite a lot and finishing their last phase in Apr 2016

Thrugelmir

csgohan4 wrote: »

In Summary, Mr Hunt has degraded the NHS workforce and hidden behind spin and Patient safety rhetoric without due consideration of who he was talking to.


Remember we are not even worth a 1% pay rise. There is a rising number of doctors now emigrating as this country no longer values it's NHS staff.

Plenty losing their jobs in the Middle East too. Petro dollars are in decline. So cutting expensive headcount is the order of the day.

csgohan4

Thrugelmir wrote: »

Plenty losing their jobs in the Middle East too. Petro dollars are in decline. So cutting expensive headcount is the order of the day.

Too soapy so deleted

Thrugelmir

csgohan4 wrote: »

Problem is the Locum agencies charging more for their doctors.


The total fee for the doctors pay is more than half made up of the fee for the agencies.


If the NHS staff contracts were paid slightly more than the current, they would retain their staff and not have to rely on rip off agencies. Simple economics.




Now their bleeding millions paying for agencies when they can't get their advertised staff vacancies filed. They would save so much more paying current /future permanent staff more and not needing to pay agencies.


Hence the system is now about numbers and ensuring enough staff are around on any given day in the short term, never long term.

This is the mortgages and endowments forum. If you want to get on a soap box there's more appropriate places to debate topics such as this.

csgohan4

Thrugelmir wrote: »

This is the mortgages and endowments forum. If you want to get on a soap box there's more appropriate places to debate topics such as this.

Yes too soapy, let me wash it out for you, no one cares about the NHS anymore

amnblog

Ignore everything you have been told by the National Broker and on here.


We do Doctors and Locums all day every day.


They don't need one years accounts to get a mortgage, but neither can they start as locums on Monday and get a mortgage on Friday!


Get them to speak to a broker that specialises in Doctors.