Affordability taking into account a short period of reduced hours

Wildsound

Hi Mortgage forum goers,

My partner is planning to go through a temporary period of reduced working hours as she has a technical masters type thing she is doing which she needs to complete in the next three months. She has agreed to go down to a 4 day working week on a 3 month temporary basis (and I have made sure she gets this in writing).

Now, if luck is with us and we find somewhere we want, we could likely find a house in this time and look to make an application for a mortgage.

As far as their affordability checks go, is this going to have an impact on the loan amount they will offer us, or the fact that we have, in writing, an agreement to say that full time work will resume after the three months mean that this is (in effect) not considered?

Aware it's quite a technical answer and likely to get the responses of "it all depends on the loan provider and their criteria..." but if anyone has ever had a similar experience, or is aware of this kind of situation from a lenders view point, then that would be great.

Many thanks.

Wild

ACG

Check with the lenders prior to applying, but if it is only for 3 months and you have written confirmation the hours will go up (and the employer is happy to write a reference confirming this if necessary) then you should be fine.