Employment Contract
Mortgage Quote Line
0845 108 0505
Type of employment contract
Whereas a permanent contract with a stable fixed salary is the most attractive arrangement for lenders, short term contracts, employment through agencies, commission-based salary structures, and self employment will not necessarily mean you are excluded from borrowing, although it may be harder.
If your salary includes large amounts of commissions or bonuses, some lenders will only count your basic wage, whereas others will consider your OTE (on target earnings), but may not offer you such attractive rates. Self employed people can usually expect to need to provide between 1 and 3 years' accounts history, although the bank where you hold your current account may be more accommodating.
| mortgages news |
|---|
| Mortgage adviser fined almost a million - Fri, 16 May 2008 |
| Incentives not vital to mortgage customers, expert claims - Fri, 16 May 2008 |
| Mortgage holders told to keep calm over negative equity - Fri, 16 May 2008 |
| More News |
Mortgage Rates by Lender 
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage