Chances of getting mortgage approval.

K

KS21

Guest
Hi everyone,

How likely would you be able to get a mortgages if:
  • You’re 21.
  • Just started a new job.
  • Have a temporary contract, although it’s a position with long term views (permanent contract available in a few months due to the company merging with another company, no permanent contracts are issued at the moment)
  • Have no loans or other liabilities.
  • Have the neccesary net income for the amount I’m applying for, as well as the funds to pay the deposit on the house (about 10% of asking price).

All input is appreciated. I can’t seem to find the minimum job requirements on the internet.

Thanks in Advance.

KS.
 
I'd wait until you get a permanent contract, don't think they look favourably on temporary positions.
 
Not a chance on a temporary contract and even then you will probably have to be permanent for at least a year.
 
This really bugs me!! How safe is permanent these days, a few measly weeks notice n statutory redundancy and your in the same boat as someone on the dole! I've been looking for finance lately but work on 3 year rolling contracts - gave up in the finish despite the fact I'm saving €1,500 a month after paying rent!
 
Why on earth would you want a mortgage at 21? Never mind how likely it is to get one, its insane to think about it, especially on a temp contract. Relax, pay some rent, enjoy the cash from your new job instead of having to pay it on a mortgage!
 
Thanks for the replies! I think ill wait untill i have a fixed contract. In addition, i just found out ill need to present 3 months of payslips when applying, so ill need to wait another while.

Case closed!
 
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