WebMar 1, 2024 · If you’re applying for a £300,000 mortgage but only earn £30,000, don’t expect to be accepted. You don’t have a reliable source of income If you’re not consistently employed, or you’re a self-employed worker whose earnings are inconsistent, lenders will see you as a greater risk. WebMomentum Mortgages are based in Sevenoaks, Kent, and are specialists in complex cases such as teacher mortgages and many other types of scenarios that don’t fit the standard mold that many high street lenders would like. We help clients all throughout the UK and Kent including Sevenoaks, Tonbridge, Dartford, Bromley, Tunbridge Wells, and more.

Mortgages for Teachers - Expert Mortgage Advisor

WebApr 20, 2024 · Why can it be a challenge for supply teachers to get a mortgage? As a supply teacher, your income is likely to be variable with less certainty than salaried … WebMar 31, 2024 · Other supply teachers can still choose to join their employer’s workplace pension scheme even if their earnings are lower than this threshold, and, if they earn more than £520 per month, the employer … how do i add iodine to my diet

Our Guide to Supply Teacher Mortgages All you need to know

WebI’ve had supply teachers before and lenders will look at track record of supply and what your current contract looks like: start date, remaining term, day / hourly rate and then will assess it like that. As it’s casual and you’ve got a track record for 12 months, some lenders will consider it. rsolf123 • 1 min. ago Also broker here WebApr 27, 2024 · You will need to have been working as a supply teacher for at least 6 months (ideally 12) so that you can prove you can earn a consistent level of income. However, having experience in teaching prior to going on supply can increase your chances of securing a mortgage. Can I get a mortgage on a zero hours contract? WebCan a Supply Teacher Get A Mortgage? Yes. However, they may find it more difficult that someone on a permanent contract. We usually find there are a few different situations for … how do i add internet to my tablet