Mortgage Query - HotUKDeals
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Mortgage Query

brettytopbanana Avatar
6y, 2m agoPosted 6 years, 2 months ago
hey, I am just after some mortgage advice really.
The girlfriend starts a teaching job in october on a years contract and we then want to be able to buy our first property together. What are our chances of getting a mortgage soon after she starts a job? I have heard things about them needing 3 months of payslips but I have also been told that some would consider it sooner. When we opened a bank account recently the lady said not to worry about the 3 months but to go and see them as soon as the girlfriend starts earning and they may be able to do something.

Has anyone on here got a mortgage without needing 3 months worth of proof of pay?

Im just getting a little stressed lately, still living at home at the age of 26 and the sooner I/We can get out the better.

Thanks
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brettytopbanana Avatar
6y, 2m agoPosted 6 years, 2 months ago
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Comments/page:
#1
everyones circumstances are different,just go and see them....no one on here can even start to predict what they will say
banned#2
main difficulty might be them accepting her at all when she only has a fixed term contract rather than a permanent job
banned#3
yeahm boothy is right. go & see an IFA.
#4
boothy
everyones circumstances are different,just go and see them....no one on here can even start to predict what they will say


+1

Only the bank can answer that for you.

We got our first mortgage when I'd only been with my employer about two months (although this was about 10 years ago) - the bank (A&L) just asked for a letter from my employers detailing my slaray and stating that I was in a secure job with long-term prospects.
#5
A big deposit helps.;)
#6
thanks for the replies guys, I wasn't necessarily asking if the bank would do it as nobody else could answer that but I was looking for examples where people had been given mortgages regardless without needing the 3 month proof of pay etc etc.
banned#7
Inactive
A big deposit helps.;)

too right - you should be looking to have around a 20% deposit else the interest rate will be sky high

talk to an IFA, not a bank/BS

http://www.searchifa.co.uk/?gclid=CNPGgNjL8qMCFYr92AodW2Oe0w

Edited By: csiman on Sep 06, 2010 11:28: se
#8
Don't wanna rain on your parade, but maybe you should be cautious as she's only on a 1 year contract?
#9
Inactive
A big deposit helps.;)

Agreed. No deposit = no mortgage

You used to be able to get aroud the salary/payslip thing with self-certified mortages (i.e. you lied about your earnings) but you will have very little chance of that now. If it's that bad at home, why not rent for a bit. Property prices are going nowhere and it could be a useful trial before you commit yourselves financially.

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