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    • SMS1993
    • By SMS1993 4th Dec 17, 8:48 PM
    • 3Posts
    • 15Thanks
    First time buyers- temporary contract?
    • #1
    • 4th Dec 17, 8:48 PM
    First time buyers- temporary contract? 4th Dec 17 at 8:48 PM
    Hi there,

    Me and my partner are looking to buy our first home together. We are looking for advice on whether or not we will likely be accepted for a mortgage, and advice on what to do?

    We both work full time.
    I have been working on a rolling temporary contract for the council and have been for 2 years. My contract has just been extended to March 2018 (usually 3 months extension at a time). I earn just over 20k per annum.

    My partner began his first full time job in October and earns approx £17k per annum.

    We have a deposit of £30k and are looking to buy a house of approx £135k.

    I have a credit score of 650 according to a website I used and my partner is unlikely to any as he hasn't had credit (he's about to request a credit card for this purpose).

    There are obviously lots of little things we could to to increase our chances, but any tips? Will a Mortgage advisor advise us on this kind of thing or are they literally there just to sell products?

Page 1
    • Slithery
    • By Slithery 4th Dec 17, 9:02 PM
    • 721 Posts
    • 1,129 Thanks
    • #2
    • 4th Dec 17, 9:02 PM
    • #2
    • 4th Dec 17, 9:02 PM
    You should go and see an independent mortgage broker.
    • Soph1988
    • By Soph1988 4th Dec 17, 9:45 PM
    • 36 Posts
    • 11 Thanks
    • #3
    • 4th Dec 17, 9:45 PM
    • #3
    • 4th Dec 17, 9:45 PM
    Just to follow on from Slithery - go and talk to an independent mortgage advisor but check what fee they charge you for helping you set your mortgage up - some can be extortionate!
    • VintageHistorian
    • By VintageHistorian 4th Dec 17, 10:05 PM
    • 348 Posts
    • 2,225 Thanks
    • #4
    • 4th Dec 17, 10:05 PM
    • #4
    • 4th Dec 17, 10:05 PM
    I got a mortgage with Halifax with me in a 2 year temporary contract and DH in a permanent contract but earning less than me. However they would only lend to me because my previous job had been a permanent contract in a similar role. We also had a 15% deposit, which I think helped too. I doubt we would have got a mortgage with a 5% deposit for example.

    As others have said, try going to a broker first. At the very least you'll need to wait until your partner has got through their probation period.
    "You won't bloom until you're planted" - Graffiti spotted in Newcastle.

    Always try to be nice, but never fail to be kind - Doctor Who

    Overpayments in 2018 - £219.36 | Lose 1 stone - 0/14lbs |
    • seven-day-weekend
    • By seven-day-weekend 5th Dec 17, 9:49 AM
    • 30,696 Posts
    • 58,148 Thanks
    • #5
    • 5th Dec 17, 9:49 AM
    • #5
    • 5th Dec 17, 9:49 AM
    Another vote for a mortgage broker here. My son wanted a mortgage, he had no credit history, a small wage and was buying a flat with a short lease. His mortgage request was for a tiny amount (40k) and he had a part-time, but permanent, job - this was the only plus! He did have a good deposit of £25k but this was gifted. So not a lot going for him really.

    The broker got him a good deal with Santander (actually I believe it was Abbey, but had the Santander branding) and he has now lived in his flat vey happily for nearly six years.
    Member #10 of £2 savers club
    • SMS1993
    • By SMS1993 5th Dec 17, 8:15 PM
    • 3 Posts
    • 15 Thanks
    • #6
    • 5th Dec 17, 8:15 PM
    • #6
    • 5th Dec 17, 8:15 PM
    Thank you for all of your replies. I'll look into speaking to a broker
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