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Alternatives to a small mortgage?

harrietrosie13 Posts: 8 Forumite

14 November 2022 at 5:19PM in Mortgages & endowments

TLDR: Are there other options for an 80k mortgage eg. Other loan or mortgage based on history of income/expenses?

My husband and I have been planning to move from the south to the north, we were planning to move in a couple of years and secure jobs in the area so we can get a mortgage. To prepare we've saved a good deposit and have built good credit scores.

However I've found a great house now earlier than planned - it's a low price as it needs work so with our good deposit we're only 80k short.

Problem is we wouldn't be approved for a mortgage because of work. I'm a teacher but between jobs at the moment as I just had a baby. Husband has just started a new job on a self employed basis so doesn't have history of income for this yet.

Are there any other options for us?? We could easily make the repayments but wouldn't be approved. Could we do it based on our history of being sensible with money, paying our bills and saving and show that we could afford it? Or somewhere else we could borrow the money?

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Alternatives to a small mortgage?

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