Fantastic news, you have just passed your exams and now a newly qualified teacher, you have found the perfect teaching position and cannot wait to get started in the classroom. However, it requires you to move to Birmingham.
Now you are in that stressful yet thrilling time where you are searching for a place to move and balancing homeownership’s struggle whilst starting your new teaching role. Rest assured you’re not the only person in this situation.
The challenging part is to find a lender willing to offer a mortgage to newly qualified teachers, justifications being having no work history, or having temporary contracts. But don’t panic despite everything. It is possible to get a mortgage as a newly qualified teacher.
Various Lenders may lend, and some might offer reasonable and deals with those working in the education section. Nevertheless, it is about finding the correct Lender, which can be a daunting task; this is where our Advisors in Birmingham can help search thousands of deals to finding you the best deals and rates tailored to your circumstances.
The various types of mortgage available for NQTs can include:
• Shared ownership.
• Variable-rate mortgages.
• Help to buy schemes.
• Fixed-rate mortgages.
All the advantages of using our fast and friendly Mortgage Broker in Birmingham, we listed below some of the key things that can get considered:
• No previous employment history required,
• A 12-month first post-contract can get treated the same as a permanent role,
• Mortgages available up to one month before starting the first contract,
• 95% loan to value.
Our experienced Mortgage Advisors in Birmingham know the Lending criteria inside and out; they have years of experience helping people with their mortgage situations and trying their best.
To find out your option to contact us now and our team will take some details from you, we will find out your options and whether you can get a mortgage suitable for your circumstances.