Affordability and 2 jobs

peppapig14

Partner earns £17500, and i am self employed , earning approx £8000 for each of the last 2 tax years

We want to borrow £150,000 and have a large deposit

If I get a permanent part time job ( approx £12000 ) would Nationwide take both my self employed salary and new permanent job salary ( for context I would still carry on self employed as could fit both in )

kingstreet

You can use second job income if the applicant has been in the job for at least as long as shown in the table below.

Type of employment	Time needed in employment
Permanent	6 months
Self employed	2 years
Fixed term contractor	12 months
Temporary or zero hours contract	12 months

peppapig14

Thank you.

I rang the nationwide mortgage line today and they said a new job offer contract is sufficient ( it can start in 1 month ,) but didnt mention anything about needing to be in the job role for 6 months

kingstreet

That's normal for a new job. Nationwide accepts a contract with a confirmed start date.

If you have existing self-employed earnings which will continue and you need to use, you may have to follow the second job criteria for the new employment.

Did you tell them about that? If they wish to take the self-employment as the second job the new job criteria may apply. It's their call.