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Mortgage for FTB on fixed term contract
Leah04x
Posts: 31
Forumite
Hi all,
Myself and my partner are currently saving for our deposit, and we estimate we’ll have enough in approximately 12 months time.
Myself and my partner are currently saving for our deposit, and we estimate we’ll have enough in approximately 12 months time.
I have been offered a new job with my local council but on a 2 year fixed term contract. I’m worried about what impact this will have on our mortgage application?
My partner is on a permanent contract and has no intention of changing jobs before applying for our mortgage.
Current household income of £50k, which would rise to £58k if I took the new job.
The property would be in the region of £250k with around a £30k deposit.
The property would be in the region of £250k with around a £30k deposit.
We do plan on using a mortgage broker when the time comes but obviously I need to make the decision as to whether to accept or decline the position now.
I do plan on trying to negotiate a permanent position, but for now, I’m trying to work this out based on the worst case scenario.
Any help very much appreciated, thank you.
0
Comments
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As long as you have been in the job a little while and have 6 months remaining it should be fine1
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