Today, we find that most schools only offer newly qualified teachers (NQT’s) a 12-month initial contract as standard. Therefore this becomes an issue for any teachers looking to get onto the property ladder. Most of the high street mortgage lenders will see them as being a “contract worker”.
Due to this factor, taking out a mortgage as a teacher will require you to have been in your role for 12 months. Luckily, some smaller lenders are understanding towards these circumstances and may consider your application without a 12-month history.
If you are a newly qualified teacher and would like to discuss your mortgage options, then please do not hesitate to get in touch and we will book you in with an experienced mortgage advisor in Grimsby. Whether you are a first-time buyer, a home mover, or looking to remortgage, we will do our best to help.