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Problem getting a mortgage
Options
Anand
Posts: 14 Forumite
Apologies for posting in this forum to, but accidentally posted in the wrong one.
Hi,
Me and my wife are about trying to buy a house. However we are having issues about getting a mortgage.
This is to do with the fact that my wife has a 6-month contract position at work, and her employer won't guarantee a renewal.
We are 100% confident that she will get another job after the contact is up. I have a stable long term job, but my salary alone wont be sufficient to borrow the amount we want.
The property is 200k, The developer is putting down 5% deposit, we are putting down 10% deposit.... so want to borrow 170k.
We both have an excellent credit history. We know we can easily afford the payments.
Nationwide (through a financial adviser) have said they will not lend if her job is contract without proof of renewal.
Does any body have any ideas what our options are?
Thanks,
Anand.
Hi,
Me and my wife are about trying to buy a house. However we are having issues about getting a mortgage.
This is to do with the fact that my wife has a 6-month contract position at work, and her employer won't guarantee a renewal.
We are 100% confident that she will get another job after the contact is up. I have a stable long term job, but my salary alone wont be sufficient to borrow the amount we want.
The property is 200k, The developer is putting down 5% deposit, we are putting down 10% deposit.... so want to borrow 170k.
We both have an excellent credit history. We know we can easily afford the payments.
Nationwide (through a financial adviser) have said they will not lend if her job is contract without proof of renewal.
Does any body have any ideas what our options are?
Thanks,
Anand.
0
Comments
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what are your incomes?I am a Mortgage AdviserYou 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.0
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Is this her first job?
Was she in the same line of work previously?I am a Mortgage AdviserYou 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.0 -
Incomes are 31k for me and 22k for the wife.
Her previous job was also an accounts assistant, for 15 months.0 -
In that case there will be lenders that could look at this for you - but which lenders will depend on your whole scenarioI am a Mortgage AdviserYou 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.0
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