Hi
My girlfriend and I are looking at remortgaging in about 8 months (August 2013).
When we first got our mortgage we were both in permanent employement. I am considering entering into a fixed term (12 months) contract of employement (start in January 2013). We are concerned that when we come to remortgage in August 2013 we will struggle to find a decent mortgage.
I have a CCJ, which had a big impact on the available mortgages when we first applied. I'm worried that if i accept the fixed term contract we will find we have even less options when we come to remortgage.
We are looking to borrow 159,000. The property is valued at approx £190,000.
My girlfriend is on £34,500 and I will be on £24,500.
Any advice on the likely impacts on remortgaging if I were to move from a permanent post to a fixed term contract would be much appreciated.
Thanks
My girlfriend and I are looking at remortgaging in about 8 months (August 2013).
When we first got our mortgage we were both in permanent employement. I am considering entering into a fixed term (12 months) contract of employement (start in January 2013). We are concerned that when we come to remortgage in August 2013 we will struggle to find a decent mortgage.
I have a CCJ, which had a big impact on the available mortgages when we first applied. I'm worried that if i accept the fixed term contract we will find we have even less options when we come to remortgage.
We are looking to borrow 159,000. The property is valued at approx £190,000.
My girlfriend is on £34,500 and I will be on £24,500.
Any advice on the likely impacts on remortgaging if I were to move from a permanent post to a fixed term contract would be much appreciated.
Thanks