Mortgage FTB help!

jabeir10

Hi, i was hoping to get some advise,

I want to apply for a mortgage, FTB, i have a full time employed job, and a part time employed job. 

Full time for 8 months, and part time one 4 months again both permanent. Im looking to do it on a shared equity basis by adding to my own personal deposit. So halifax are only lenders that do it. 

Im confused on their second role requirements on halifax intermediaries. Ive spoken to three people at halifax mortgages, 2 said they take it on as long as 3 months payslips. Another says they are wrong minimum required is 12 months. 

Could someone check or who have had experience with halifax of adding a part time role and length of time of the job needed. 

Sorry for the very long post. 

Thank you and stay safe. 

jabeir10

It does say about second jobs on halifax: 

 Second Job

In cases where the customer has more than one job, we will consider the following when deciding whether or not to take the secondary income into account. Hours worked, are they sustainable? Are the roles/skills similar? What is the distance between the jobs and the customers home? How long has the customer been in both jobs? Is the salary consistent with the type of employment? And the number of days the customer works per week.

Once all of the above has been taken into account and deemed acceptable, we will use the appropriate percentage of the second job income and it will be treated as per the standard income policy.

Then also about length of employment section states:

 Length of Employment / Self Employment. 

• Employed - Current employment details collected
• Self Employed - 2 years history requested however, where the business has been trading for less than 2 years eg 1 year self employed and so self employed income is not available for 2 years, we will still consider these applications. You must record all full relevant years' income accurately on the mortgage application.

Please can anyone advise on this. Doesnt seem like theres a actual minimum requirement but case by case basis based on the job it is and how sustainable etc. 

Thank you.

MovingForwards

On the 10th you asked, people replied.

https://forums.moneysavingexpert.com/discussion/6140893/halifax-mortgages-help-advise#latest

Speak with a broker so they can place you with the right lender. Some lenders see a part-time job as a way of boosting the amount of money to borrow with no intention of the person staying in the role after getting the mortgage.