We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Fixed Term Contract Employment
kittyh132
Posts: 2 Newbie
Hi, my boyfriend and I are looking to buy our first house. Our budget is 180,000 and we have the £18,000 needed for a 10% deposit.
I am a teacher on £23,250 but my boyfriend is on a 2 year fixed contract for £26,000. He only started in September and all of the major banks seem to be asking that he has worked for 12 months in the contract with 6 months left. This is his first job out of uni so doesn't have any other evidence of working fixed contracts. His company are likely to keep him on after the 2 years as he was offered this job after he did a 1 year placement as part of his course.
Does anyone have any advice/ have been in this situation and been able to get a mortgage? At the moment it seems we are going to have to wait another 8 months before applying...
I am a teacher on £23,250 but my boyfriend is on a 2 year fixed contract for £26,000. He only started in September and all of the major banks seem to be asking that he has worked for 12 months in the contract with 6 months left. This is his first job out of uni so doesn't have any other evidence of working fixed contracts. His company are likely to keep him on after the 2 years as he was offered this job after he did a 1 year placement as part of his course.
Does anyone have any advice/ have been in this situation and been able to get a mortgage? At the moment it seems we are going to have to wait another 8 months before applying...
0
Comments
-
some lenders may not be suitable, get a good broker to match a lender to your circumstances"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Highly unlikely to be honest.. but as already advised find yourself a good broker and let em know all the details - credit history may also be a concern if he is fresh from uni0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards