I have been contracting for the last 4 years or so with gaps in between contracts for various reasons. I am now thinking about a mortgage at some point with my husband who is in a full time job earning around £50,000 a year.
We have around £100,000 saved for a deposit but I am worried due to gaps of more than 8 weeks in between contracts. Should I wait another year or year and a half and try to have minimal gaps inbetween contracts before I apply for a mortgage or would I still be eligible right now with the gaps. My partner is permanent so there is that stability there.
I make around 350-450 a day and looking to buy a home at the £500,000 mark. What are the requirements for joint applicants with one being permanent - surely that would mitigate some risks. We could save more deposit but keen to get on the ladder asap.
Any advice would be very much appreciated.
We have around £100,000 saved for a deposit but I am worried due to gaps of more than 8 weeks in between contracts. Should I wait another year or year and a half and try to have minimal gaps inbetween contracts before I apply for a mortgage or would I still be eligible right now with the gaps. My partner is permanent so there is that stability there.
I make around 350-450 a day and looking to buy a home at the £500,000 mark. What are the requirements for joint applicants with one being permanent - surely that would mitigate some risks. We could save more deposit but keen to get on the ladder asap.
Any advice would be very much appreciated.
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