New mortgage after mortgage holiday

JM2194

Hi,

We recently took a mortgage holiday, due to my partner being a student and myself being put on a reduced salary

She has now qualified and has secured a job and my salary is back up to 100%so we are looking to apply for a mortgage, so could I ask if anyone has been or is in a similar situation.

we have a 15% deposit for the house we would like to buy

Thanks

haras_n0sirrah

As long as you have a payslip showing your income is back to normal and she has a job offer and contract to start then that shouldn't be an issue. 

JM2194

haras_n0sirrah said:

As long as you have a payslip showing your income is back to normal and she has a job offer and contract to start then that shouldn't be an issue. 

Thank you so much! I assume the fact we had a mortgage holiday would give us less lenders to chose from? We had a3 month holiday but we are now making payments again, we have recently made our second payment since the holiday finished 

haras_n0sirrah

Lenders may want to see 1 payment made by direct debit. Have just got an offer out for a client in your position so definitely doable 

JM2194

haras_n0sirrah said:

Lenders may want to see 1 payment made by direct debit. Have just got an offer out for a client in your position so definitely doable 

Thank you so much! That is such a relief for us. Thanks again

onlyliveonce

JM2194 said:

Hi,

We recently took a mortgage holiday, due to my partner being a student and myself being put on a reduced salary

She has now qualified and has secured a job and my salary is back up to 100%so we are looking to apply for a mortgage, so could I ask if anyone has been or is in a similar situation.

we have a 15% deposit for the house we would like to buy

Thanks

Hi.
We had the same worry. We just got a mortgage offer on friday.

JM2194

onlyliveonce said:

JM2194 said:

Hi,

We recently took a mortgage holiday, due to my partner being a student and myself being put on a reduced salary

She has now qualified and has secured a job and my salary is back up to 100%so we are looking to apply for a mortgage, so could I ask if anyone has been or is in a similar situation.

we have a 15% deposit for the house we would like to buy

Thanks

Hi.
We had the same worry. We just got a mortgage offer on friday.

Thank you so much! We had read a lot of bad news so it’s good to hear it won’t stop us getting a mortgage