0 hour contract and maternity allowance

deano3

MortgageMamma wrote: »

Deano


I have made some enquiries and can confirm that the break for maternity would be considered as continuous employment for a couple of lenders I have spoken to, however, the documentation you would have to provide would be more substantial. You should subject to meeting the lenders criteria on other benchmarks be able to achieve 90% loan to value so you would need a 10% deposit + your legal fees.


Documentation required


2015 P60


2016 P60 (I know this will show vastly reduced income)


Last 12 months payslips from before commencing maternity leave to work out her earnings prior to having baby.


Latest 3 months payslips now back in work (don't worry if shes not been back 3 months)


A letter from your partner saying she has returned to the same employer, same job, same hours as before and that hours will be the same as previous 12 months before maternity.


Hope this helps, don't go it alone on this as there are a lot more factors to be considered - you will need a broker.
MM

Thank you so much that is very helpfull:):):T:eek::)