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Old 01-04-2010, 12:41 PM
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Default Do you need to be on a permanent contract to be...

...eligible for a mortgage in the UK? assuming a decent deposit
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Old 01-04-2010, 01:21 PM
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Most of the mainstream and highstreet lenders would require you to have a permanent contract of employment or at least have evidence of adequate savings that can be accessed. It really depends on the terms of your contract and your financial situation generally; lenders want assurance that you'll have the ongoing ability to pay your mortgage.If you can't find a mainstream lender to consider you, try a mortgage broker. They can help you find lenders with less orthodox requirements and terms, although the rates are generally less good.
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