Helping Temporary Teachers Secure Their First Mortgage

• Both clients were employed through the temporary teaching pool, classified as zero-hour contract work by lenders.

• Most lenders require at least 12 months of employment history in zero-hour contract roles to consider income for a mortgage.

• Limited lender options willing to step outside standard criteria for temporary workers.

• Conservative Income Assessment: We carefully managed our clients' expectations by taking a thorough and cautious approach to their income. We assessed:

  • Income from their previous full-time teaching roles.

  • P60s from their permanent teaching positions in Manchester.

  • Current payslips from their temp-teaching work.
    We used the lowest income figure from these sources to provide a realistic borrowing budget.

• Leveraging Lender Relationships: Although lenders do require a 12-month history for zero-hour contract work, we used our strong lender relationships to negotiate an exception to policy. Our conservative approach to income calculation reassured lenders of the clients' financial stability.

Once the clients found a property, the mortgage was swiftly approved, allowing them to confidently move forward with purchasing their first home.