Property News · February 11, 2016

I'm a contract worker in a school, and no lender will give me a mortgage


My partner and I earn good incomes but lenders only consider me employed during term time, discounting the paid charity work I do in the summerQ We are having real problems getting a mortgage. My partner is a self-employed builder who has the necessary two years’ tax forms to prove his income to mortgage lenders. I, on the other hand, am an agency worker. I am a specialist supply teacher who works long-term in schools to help children registered as having special needs.My partner and I both earn good incomes and have been renting a bungalow for £750 a month for the past year. When applying for a mortgage, we have been told time and again that affordability is not an issue as we have a £40,000 cash deposit. The snag we seem to be hitting is that due to the nature of my work, I am only “employed” during term time. All mortgage lenders have asked me for 52 weeks worth of payslips with the same employer. Continue reading…

Source : theguardian.com
Read more…I’m a contract worker in a school, and no lender will give me a mortgage

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