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Wife just got a 2nd fixed term job
FitzWilliams
Posts: 45 Forumite
My wife was told yesterday that she was successful at her interview and got a second job that she applied for. She works 24 hours over 3 days at her 1st job and will now do an additional 20 hours on an evening shift 5 days a week. It's basically putting her salary back to full time so the hours should be sustainable.
The 2 job is only a fixed term 2 year contract. What I would like to know is if this second job would be taken into consideration for our mortgage affordability straight away (or within the next couple of months) or will she need to be working there for 6 months before it's counted? And will they consider the full amount of both salaries or just some of the 2nd amount?
The 2 job is only a fixed term 2 year contract. What I would like to know is if this second job would be taken into consideration for our mortgage affordability straight away (or within the next couple of months) or will she need to be working there for 6 months before it's counted? And will they consider the full amount of both salaries or just some of the 2nd amount?
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Comments
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On a fixed term contract, many lenders won't accept the income until the contract has been renewed at least once.
Speak to a broker about best options.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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