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Two P/T jobs implication on mortgage renewal?

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scottishsuz
scottishsuz Posts: 120 Forumite
in Mortgages & endowments
Hi Folks,

I've just recently ended up working in two positions which although add up to a full time post are technically both part time and at different grades. The jobs are both in the same company and I was working full time up till this month.

My question is, does anyone know how mortgage companies view this? My earnings have increased. The figures are:

Salary £17959
Mortgage £45000ish

My mortgage is due for renewal at the end of Dec.

Any info/advice would be gratefully received.

Thanks

Suz
[STRIKE]Student Loan = 798 @ Jan 2013 Target date to clear = 2013 DONE [/STRIKE]
Mortgage= [STRIKE]38100 @ Feb 2013 Target date to clear = 2026[/STRIKE], 33044 @ April 2015, New target date = Jan 2025
Credit card = 3300 @ April 2015 Target date to clear = April 2016

Debt free nerd no. 540. Proud to be dealing with my debts :)

Comments

  • scottishsuz
    scottishsuz Posts: 120 Forumite
    Bump

    Anyone got any ideas or had experience of this?
    [STRIKE]Student Loan = 798 @ Jan 2013 Target date to clear = 2013 DONE [/STRIKE]
    Mortgage= [STRIKE]38100 @ Feb 2013 Target date to clear = 2026[/STRIKE], 33044 @ April 2015, New target date = Jan 2025
    Credit card = 3300 @ April 2015 Target date to clear = April 2016

    Debt free nerd no. 540. Proud to be dealing with my debts :)
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    There are indeed lenders that will take both these incomes into account.

    WHat is the property value?
    Do you have a good credit history?
    Do you have any other debts/loans in the background?
    I am a Mortgage Adviser
    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.
  • scottishsuz
    scottishsuz Posts: 120 Forumite
    The value of my property is around about £70k

    I have as far as I'm aware a good credit history, no defaults, CCJs or missed payments etc anyway.

    The only loan I have now is a student loan sitting at about £4400.
    [STRIKE]Student Loan = 798 @ Jan 2013 Target date to clear = 2013 DONE [/STRIKE]
    Mortgage= [STRIKE]38100 @ Feb 2013 Target date to clear = 2026[/STRIKE], 33044 @ April 2015, New target date = Jan 2025
    Credit card = 3300 @ April 2015 Target date to clear = April 2016

    Debt free nerd no. 540. Proud to be dealing with my debts :)
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    First thing you should do is see what your current lender will offer you and see what fees they will charge

    Then you will need to compare against the best of the rest. BAsed on those figures you should have the pick of the market
    I am a Mortgage Adviser
    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.
  • scottishsuz
    scottishsuz Posts: 120 Forumite
    Thanks, thats reassuring :)
    [STRIKE]Student Loan = 798 @ Jan 2013 Target date to clear = 2013 DONE [/STRIKE]
    Mortgage= [STRIKE]38100 @ Feb 2013 Target date to clear = 2026[/STRIKE], 33044 @ April 2015, New target date = Jan 2025
    Credit card = 3300 @ April 2015 Target date to clear = April 2016

    Debt free nerd no. 540. Proud to be dealing with my debts :)
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