UK Mortgage advice needed?

Question

I temp in The City in the banking industry, following redundancy a year ago after 18 years employment with Natwest. Will my salary be taken into account when me and my girlfriend apply for a mortgage, given that I am not in a 'permanent' role and move jobs every 6 months or so. We would have over 15% deposit of the property's value.

Answer 1

i think you have to be in the same job for 6 months before your salary would be taken into account and i think you have to be permanent i got my mortgage 3 years ago i dont know whether things have changed now but that's how things were when i got mine

Answer 2

Have a look http://www.ukremortgagerate.co.uk/remort...

This site will give you the advice of Mortgage

Answer 3

If you are temping you may have to take a declared salary mortgage.

Basically, you declare your own income from your temping business as it is not predictable.

Be cautious though, you are always taking a mortgage on your own risk - if you say you earn 500 grand and only earn 50 then if you cannot pay off the dues then you will lose your home.

Also, as this mortgage is a higher risk to the lender, you will pay a higher interest rate than the standard mortgages.