getting another mortgage?

D

delisha

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my husband and i already have a 100% mortgage on a house since oct 06 but we are considering selling. when we got this first mortgage i was permanent in my job. i have since got a better paid job but cannot be made permanent for four years. does this make a difference when applying for a new mortgage? we will not be applying for 100% this time. my husband is resonably well paid and permanent. can anyone help on this?
 
delisha said:
i have since got a better paid job but cannot be made permanent for four years.
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This sounds odd unless you are a contractor at the moment? How come this is the case?
my husband is resonably well paid and permanent. can anyone help on this?
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How much is outstanding on the first mortgage, how much is the house likely to sell for, how much do you both earn, what savings/debts do you have otherwise, how much are you looking to borrow etc...?
 
got job with hse,working with people there for years and still not permanent! husband earns about 33,000 i earn about 24,000. 10,000euro loan nearly paid off. no other debts.
 
no not a contractor- just regular employee-on the payroll. its just the way it is there. i work 9-5, mon-fri. :(
 
Then once you have served the relevant probationary period you should be OK as far as a mortgage application is concerned presumably?
 
Hi Delisha
My husband & I were recently approved for €280,000 mortgage. Neither of us is in permanent employment - he is on probation in new job, and my job is contractual by nature, with v. little chance of permanency, although I have been doing it for 6 yrs. However we only looked for 85% of house price as we had the deposit. They just requested proof of earnings for last 2 yrs - its UB btw
 
hi sarah, we bought for 234k. we owe 225k. bought it as a builders finish so have spent a bit on it. maybe we won't make the money back on it-i dunno.
 
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