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Mortgage with Fixed term employment

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Hello- I’m looking around at my first teacher role. Lots of them say it’s a fixed rate contract and the ECT role ends after 2 years. 

I found a school that I love but it’s fixed term. Will this impact my mortgage acceptance? Should I let this one go and only look for roles that state permanent contract? 

Thanks 

Comments

  • ACG
    ACG Posts: 24,540 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Speak to a broker. 
    Teachers are a pretty secure profession, it wont be for every lender but there will be lenders out there at normal rates. 

    Not the same, but I will be submitting an application next week for someone half way through a 2 year Fixed term contract. On paper his application fits with very few lenders, however because of the details its possible to get an exception made. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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