Hi!
My fiance and I are looking into buying our first home in the next 12 months but the problem is I am wondering whether any mortgage companies will take my earnings into account, considering I will be on a fixed term contract. (My fiance is on a permanent contract and earns more than me.)
The houses we like cost in the region of £165,000 (which is 3 times our joint income). We have a deposit of around 10-15% saved currently and are hoping to increase it over the course of the next 6 months (although I guess some of that will go on SDLT, fees, searches, and all that) so I guess we would be looking to borrow around £140,000.
Will any mortgage companies take into account my earnings when offering us a mortgage?
Thanks!
My fiance and I are looking into buying our first home in the next 12 months but the problem is I am wondering whether any mortgage companies will take my earnings into account, considering I will be on a fixed term contract. (My fiance is on a permanent contract and earns more than me.)
The houses we like cost in the region of £165,000 (which is 3 times our joint income). We have a deposit of around 10-15% saved currently and are hoping to increase it over the course of the next 6 months (although I guess some of that will go on SDLT, fees, searches, and all that) so I guess we would be looking to borrow around £140,000.
Will any mortgage companies take into account my earnings when offering us a mortgage?
Thanks!