Can I get a mortgage under these circumstances? Help

Sponge_Cake

Hi,

Need a bit of advice, my partner and I are looking into getting a mortgage and buying a house. The house prices around here are cheap - between £70k and £100k for something reasonable.
We have £14,000 saved up between us. We will get some help from both our parents - could be between £5k and £10k additional.

We are both on fairly low incomes - both SEN support assistants in schools - him in secondary, me in primary.
Between us we earn just over £20,000.
Mine is a temporary contract for another four years (until the pupils I am supporting finish school in year six). I'm not sure if this will cause any issue either? It is a permanent contract for those years otherwise.
His doesn't have that clause - just permanently employed by the school.

Our outgoings are small - neither of us smoke , we very rarely socialise and don't tend to go on many holidays. We have no children yet but that will change in the near future probably.

If anyone can help, that would be great.

ReadingTim

This might be better posted on The Mortgages and Endowments Board

cloo

I think a four-year contract might be OK, as it's pretty long. I reckon lenders are going to have to rethink their line on contract work soon as so many people are on them, and a lot of them are actually very well remunerated. As far as I know at the moment they don't make much of distinction between someone who earns £50 a day or £500 a day.

sheff6107

Yes you can get a mortgage, but only if you talk to a broker. Don't DIY it to any old lender

Rambosmum

Use a broker. I recommend L&C. They great for me in similar circumstances.