Fixed-term contract income can support a mortgage application when the applicant’s earnings, employment history and prospects of continued work satisfy the lender. For an employee approaching the end of a contract, the challenge is rarely the label alone; it is...
A default can look much bigger on a mortgage application than it feels in everyday life. How long after a default can I get a mortgage? There is no single statutory waiting period: some lenders may consider a case while the default is still on the credit file, while...
One old missed payment and an unpaid CCJ from last month are both described online as “bad credit”, yet they are not the same mortgage case. When we assess a mortgage with bad credit, we look at the event itself, how recent it is, whether it has been settled, the...
Quick answer: There’s no fixed mortgage application process timeline — no lender or adviser can promise a specific offer date. What determines the speed is how complete your evidence is, how the property is assessed, and whether anything in the case needs...
A lower payslip can look alarming when you are considering a mortgage on maternity leave, but it does not always represent the income a lender will use for the whole case. We look at the temporary income position, the expected return to work, any change in hours and...
