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Can I get a mortgage based on a confirmed future income?
Rosieg19
Posts: 1 Newbie
Hi,
Me and my partner have been saving to move out for the last few years. We both have money saved and our parents are willing to help towards any additional payments and be guarantors. I am however still completing my teacher training therefore I am not earning a great salary at the moment. My partner earns a good salary and has done for the last few years. I am earning a basic wage from the school so I have over 3 months pay slips and the same school have offered me an NQT job from September. As there is a considerable difference between these two incomes I wondered whether mortgage providers would be likely to take into consideration that my salary will increase when working out how much we are able to borrow?
An additional element to our situation is that we already have a house to buy as we are hoping to buy my partners Nan's bungalow so we would be buying out family members who currently own this property.
Any advice and suggestions would be much appreciated!
Me and my partner have been saving to move out for the last few years. We both have money saved and our parents are willing to help towards any additional payments and be guarantors. I am however still completing my teacher training therefore I am not earning a great salary at the moment. My partner earns a good salary and has done for the last few years. I am earning a basic wage from the school so I have over 3 months pay slips and the same school have offered me an NQT job from September. As there is a considerable difference between these two incomes I wondered whether mortgage providers would be likely to take into consideration that my salary will increase when working out how much we are able to borrow?
An additional element to our situation is that we already have a house to buy as we are hoping to buy my partners Nan's bungalow so we would be buying out family members who currently own this property.
Any advice and suggestions would be much appreciated!
0
Comments
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It may be a little early for a September job start.
I'd say this should be a goer with a few lenders in March with a written job offer and confirmed commencement date.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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