question about debt to income ratio and how it effects mortgage application

jazzyja

hi, so on a long journey to hopefully getting a mortgage next year. I've managed to nearly pay all my CC debt. The only debt I will have left at the time of my mortgage application will be my car on finance at approx £9k. Now my income is £26906 +/- enhancements, making my debt income ratio 40%. Is this a hindrance to my application/credit file?

Also, I have recently started doing  bank shifts at my work (hospital) so I get paid separately for that. This isn't a contracted job BUT it is guaranteed work. There's never not shifts available for me to do. I do at least 2 a month at the moment to pay debt and save for deposit. I get wage slips for these bank too. Would i be able to include this in the overall income for not only mortgage app but any future credit  applications? This bank increases my income by at least 5k per year (can do more if I want) this would then , of course bring that debt income ratio down?
Hope that sense! Sorry for the waffle. 

[Deleted User]

Any debt will impact on your application - but whether enough to cause you problems is impossible to say.

Use a broker to get your application placed with a lender who will take as many forms of income into account as possible.

MinuteNoodles

jazzyja said:

Also, I have recently started doing  bank shifts at my work (hospital) so I get paid separately for that. This isn't a contracted job BUT it is guaranteed work. There's never not shifts available for me to do.

Unless there are specific minimum hours specified in your contract it's not guaranteed. My daughter does bank shifts at her local hospital, she's had weeks where there's been no work. However as it's income from employment you can also include it.

Any debt you have will limit the amount a lender is willing to lend to you.

jazzyja

MinuteNoodles said:

jazzyja said:

Also, I have recently started doing  bank shifts at my work (hospital) so I get paid separately for that. This isn't a contracted job BUT it is guaranteed work. There's never not shifts available for me to do.

Unless there are specific minimum hours specified in your contract it's not guaranteed. My daughter does bank shifts at her local hospital, she's had weeks where there's been no work. However as it's income from employment you can also include it.

Any debt you have will limit the amount a lender is willing to lend to you.

MinuteNoodles said:

jazzyja said:

Also, I have recently started doing  bank shifts at my work (hospital) so I get paid separately for that. This isn't a contracted job BUT it is guaranteed work. There's never not shifts available for me to do.

Unless there are specific minimum hours specified in your contract it's not guaranteed. My daughter does bank shifts at her local hospital, she's had weeks where there's been no work. However as it's income from employment you can also include it.

Any debt you have will limit the amount a lender is willing to lend to you.

I only do bank on my own ward. My manager has said there will always be shifts available (nights) as there will never be enough staff to cover both days and nights due to differing abilities. So I usually plug the gap of them having to book agency to cover. 
Will the lender take off the total amount of my car or my monthly payments for affordability? When I did a mortgage calculator it asked for monthly payments and worked it out that way. Thanks 

MovingForwards

Ask on the mortgage and endowment board as that's where the resident brokers hang out. There have been quite a few posts about NHS and bank shifts lately.