Zero hours contract on joint application

Cruncher8934

Hi

I'm wondering the possibility of using my zero hours earnings alongside my husband's full term salary for a mortgage.

Husband salary isn't enough for house around where we are, however our joint annual income would be.

I generally earn roughly the same each month but it's not contracted.

Where do we stand, is it possible?

[Deleted User]

If you've got a 12 month history of it then it should bw possible with the right lender.  Plenty high street lenders will take 100% if you can show enough history 

Cruncher8934

Thanks, I have a monthly target but will pick up extra shifts were I can. Been doing job for 3years, 

K_S

@cruncher8934 Steady income from a ZHC with a 3 year track record should be able to be used with an appropriate lender.

Cruncher8934

Thanks, in your opinion would lenders take my full earnings into consideration?  

K_S

Cruncher8934 said:

Thanks, in your opinion would lenders take my full earnings into consideration?  

@cruncher8934 Not all lenders will consider any ZHC income - some will limit it to certain professions only, some do not accept it, etc.

For the ones that do consider ZHC income, most will be willing to take 100% of earnings over last 12 months subject to it being fairly consistent and comparable with figures on the latest P60.

Cruncher8934

K_S said:

Cruncher8934 said:

Thanks, in your opinion would lenders take my full earnings into consideration?  

@cruncher8934 Not all lenders will consider any ZHC income - some will limit it to certain professions only, some do not accept it, etc.

For the ones that do consider ZHC income, most will be willing to take 100% of earnings over last 12 months subject to it being fairly consistent and comparable with figures on the latest P60.

@K_S Thanks, I'd go through a broker anyway so hopefully they would be able to find us something.

Is there anywhere I can look to see these certain professionals? Or least research the one's who have no chance.

I can't swap to full time contract til kids are older so might be stuck

K_S

@Cruncher8934 If the lenders limits it to certain professions, they usually include - Nurses, care home workers, supermarket staff, delivery drivers, other essential professions, etc.

If you want to research ZHC criteria lender by lender just Google "<lender name> for intermediaries" and look up ZHCs on their criteria pages.

Cruncher8934

K_S said:

@Cruncher8934 If the lenders limits it to certain professions, they usually include - Nurses, care home workers, supermarket staff, delivery drivers, other essential professions, etc.

If you want to research ZHC criteria lender by lender just Google "<lender name> for intermediaries" and look up ZHCs on their criteria pages.

@K_S thanks very much, that's great advice. 
I work in health care, in care homes.