Offer accepted, mortgage offer awaiting.

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I started viewing houses when I believed conditions of my contract were going to be more favourable. I had my house offer accepted in March, just received my job contract this week despite being promised it in the second week of April. It’s my first ‘proper job’ as I graduate this year.

I believed the contract would be a 12 month fixed term from September ‘24 to September ‘25. It has turned out to be September ‘24 to July ‘25. I am a teacher - fixed term contracts are quite common. I’ve been doing unqualified teacher (as have not graduated yet) since April for the school employing me in September. My current aspect is on a casual contract, permanent contract for September states a start date of 1st Sept but also states that my employment started with them in April.

I have saved approx. £30k from working since I was 16 and a part-gift from a distant family member. The house is 150k.

How likely am I to be accepted still? I do have a mortgage advisor but they’re being quite non-committal and it’s stressing me out as paid solicitors etc for searches!

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Nothing to do with the question you're actually asking I'm afraid. As an (ex) teacher though, they are really screwing you with a Sep-Jul temporary contract. You are not paid for holidays, your salary is just split into 12, so you will do the whole year's worth of work for only 11 months pay. Not on

Just had a very similar scenario pass (outside of criteria) with Leeds Building Society.

Then my friend there should be no problem for you.

20% LTV, is safeish for lenders to consider, just make sure you have the paper work when it comes to the gifted deposit :), usually letter provided by your solicitor for whoever gifted to sign, and proof of that deposit e.i a bank statement to show their funds going into yours.

I work for a mortgage lender and we wouldn’t have any issues with this.

We see quite a lot of teachers, doctors etc. where they have a 1 year ftc to start with.

With how in demand these professions are and that you have to study for a long time to qualify this gives lenders confidence that the income will be sustainable in the future.

Not all lenders will consider it but there are lenders out there that will.

Presuming that you've got a decent credit score, but more importantly a very good credit review / profile, i.e not too much debt, paid bills on time etc etc, then it should be a problem.

You will need the broker for this. I can think of 3/4 places I would approach with this case, but they would be working to exceptions outside of criteria most likely as the 11 month contract is unusual. For example, principality building society say if the contract is a minimum of 12 months, with at least 6 remaining, they will consider the case. So technically you don’t actually meet that with an 11 month contract, however based on the fact you have worked there since April, and this is is a teaching role, I’d approach them anyway and try and get an exception. The case is strong otherwise. Halifax often used to make exceptions on NQT contracts as well. If all else fails, teachers building society will sort you out. The 20% deposit won’t do you any harm either.

Have you ever had any form of credit at all? Believe it or not lenders like it when they can see a history of borrowing.