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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage on hourly paid contract.
Ojl79
Posts: 3 Newbie
I have recently been saving up for a deposit. I have saved around about 15k mark. I have worked the past couple of years on an hourly paid contract (minimum wage £7.38). Doing no less then 35 hours a week. Just looking for a bit of advice on whether or not I would ever be accepted for a mortgage in this type of employment. Thanks.
0
Comments
-
you generally can only borrow x4.5 of your annual salary, good saving up for a deposit, continuing saving and advance your career to buy the house you want"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
I got a mortgage when I was on a 30 hour week core contract on around £10k ish a year. .i could borrow I think it was upto £40k, but have a look on various calculators. Their main concern was I could afford it (I had no loans etc) and I was on a permanent contract. It is possible, just depends on your house price but it is possible:T:T :beer: :beer::beer::beer: to the lil one
:beer::beer::beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards