18th July 2007, 01:08 PM
When me and my now husband were first looking at mortgages we were both on short-term contracts with our local unit but with a long stretch of work ahead of us. We consulted an Independent Financial Advisor as we knew this might be a problem and he told us that some companies are happy to lend you the money, providing that you can get a letter from your employers stating that although your contract is temporary, in reality you are unlikely to be out of work in the short-term.
I obviously don't know your personal situation regarding future work, but the general opinion is that very few jobs are 'permanent' these days and so mortgage lenders are having to become more flexible on such things.
I would definately recommend finding yourself an IFA (of the financial and not archaeological sort
)- you don't pay for their services yourself, they take commission from the company they recommend if you sign up and they are your best bet for impartial advice.
Good luck - it is definately possible, you just need the help of someone who knows where to look for the best deals
Melandra
I obviously don't know your personal situation regarding future work, but the general opinion is that very few jobs are 'permanent' these days and so mortgage lenders are having to become more flexible on such things.
I would definately recommend finding yourself an IFA (of the financial and not archaeological sort
)- you don't pay for their services yourself, they take commission from the company they recommend if you sign up and they are your best bet for impartial advice.Good luck - it is definately possible, you just need the help of someone who knows where to look for the best deals
Melandra