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SELECT * FROM (SELECT * FROM wp_auto_internal_log WHERE INSTR(' <div data-elementor-type="wp-page" data-elementor-id="4621" class="elementor elementor-4621" data-elementor-post-type="page"> <section class="elementor-section elementor-top-section elementor-element elementor-element-df4ba91 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="df4ba91" data-element_type="section" data-settings="{"background_background":"classic"}"> <div class="elementor-background-overlay"></div> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bd281cd" data-id="bd281cd" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-5818d59 elementor-widget elementor-widget-heading" data-id="5818d59" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h1 class="elementor-heading-title elementor-size-default">Fixed Term Contract mortgage Solutions</h1> </div> </div> <div class="elementor-element elementor-element-c663e35 elementor-widget elementor-widget-text-editor" data-id="c663e35" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>The definitive guide to getting a Fixed Term Contract Mortgage.</p> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6f794bb" data-id="6f794bb" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-8200081 elementor-button-align-stretch elementor-widget elementor-widget-global elementor-global-190 elementor-widget-form" data-id="8200081" data-element_type="widget" data-settings="{"step_next_label":"Next","step_previous_label":"Previous","button_width":"100","step_type":"number_text","step_icon_shape":"circle"}" data-widget_type="form.default"> <div class="elementor-widget-container"> <form class="elementor-form" method="post" name="New Form"> <input type="hidden" name="post_id" value="4621"/> <input type="hidden" name="form_id" value="8200081"/> <input type="hidden" name="referer_title" value="Fixed Term Contract Mortgage 🏠 Borrow up to 6x income" /> <input type="hidden" name="queried_id" value="4621"/> <div class="elementor-form-fields-wrapper elementor-labels-above"> <div class="elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-100 elementor-field-required elementor-mark-required"> <label for="form-field-name" class="elementor-field-label"> Name </label> <input size="1" type="text" name="form_fields[name]" id="form-field-name" class="elementor-field elementor-size-sm 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class="elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-field_51fb3e8 elementor-col-100"> <label for="form-field-field_51fb3e8" class="elementor-field-label"> Message </label> <textarea class="elementor-field-textual elementor-field elementor-size-sm" name="form_fields[field_51fb3e8]" id="form-field-field_51fb3e8" rows="4"></textarea> </div> <div class="elementor-field-type-recaptcha_v3 elementor-field-group elementor-column elementor-field-group-field_dc01947 elementor-col-100 recaptcha_v3-bottomleft"> <div class="elementor-field" id="form-field-field_dc01947"><div class="elementor-g-recaptcha" data-sitekey="6Ld2DHUgAAAAAMVXotSao5BofcLHiMLSK74xykwz" data-type="v3" data-action="Form" data-badge="bottomleft" data-size="invisible"></div></div> </div> <div class="elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons"> <button type="submit" class="elementor-button elementor-size-sm"> <span > <span class=" elementor-button-icon"> </span> <span class="elementor-button-text">Let's Get Started</span> </span> </button> </div> </div> </form> </div> </div> <div class="elementor-element elementor-element-f922732 elementor-widget elementor-widget-global elementor-global-194 elementor-widget-heading" data-id="f922732" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <p class="elementor-heading-title elementor-size-default">You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with GDPR May 2018 requirements. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us or one of our trusted partners to discuss your mortgage requirements</p> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-eb00227 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="eb00227" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ef95f03" data-id="ef95f03" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-850b9d3 elementor-toc--minimized-on-desktop elementor-widget elementor-widget-table-of-contents" data-id="850b9d3" data-element_type="widget" data-settings="{"headings_by_tags":["h2"],"exclude_headings_by_selector":[],"minimized_on":"desktop","marker_view":"numbers","minimize_box":"yes","hierarchical_view":"yes","min_height":{"unit":"px","size":"","sizes":[]},"min_height_tablet":{"unit":"px","size":"","sizes":[]},"min_height_mobile":{"unit":"px","size":"","sizes":[]}}" data-widget_type="table-of-contents.default"> <div class="elementor-widget-container"> <div class="elementor-toc__header"> <h4 class="elementor-toc__header-title"> What's in this article </h4> <div class="elementor-toc__toggle-button elementor-toc__toggle-button--expand" role="button" tabindex="0" aria-controls="elementor-toc__850b9d3" aria-expanded="true" aria-label="Open table of contents"><i aria-hidden="true" class="fas fa-chevron-down"></i></div> <div class="elementor-toc__toggle-button elementor-toc__toggle-button--collapse" role="button" tabindex="0" aria-controls="elementor-toc__850b9d3" aria-expanded="true" aria-label="Close table of contents"><i aria-hidden="true" class="fas fa-chevron-up"></i></div> </div> <div id="elementor-toc__850b9d3" class="elementor-toc__body"> <div class="elementor-toc__spinner-container"> <i class="elementor-toc__spinner eicon-animation-spin eicon-loading" aria-hidden="true"></i> </div> </div> </div> </div> <section class="elementor-section elementor-inner-section elementor-element elementor-element-632c4c3 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="632c4c3" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2b793b9" data-id="2b793b9" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-242201f elementor-widget elementor-widget-text-editor" data-id="242201f" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">Can you get a mortgage on a fixed term contract?</span></h2><p><span style="font-weight: 400;">You may find it more difficult to get a mortgage while on a fixed term contract. This is due to lenders being uncertain about the longevity of your employment. However, depending on your situation you may find that you have some options.</span></p> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c4d1351" data-id="c4d1351" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-1e03d42 elementor-widget elementor-widget-image" data-id="1e03d42" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="800" height="567" src="https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-1024x726.png" class="attachment-large size-large wp-image-5031" alt="Fixed Term Contract Mortgage" srcset="https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-1024x726.png 1024w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-300x213.png 300w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-768x545.png 768w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-1536x1090.png 1536w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1.png 1748w" sizes="(max-width: 800px) 100vw, 800px" /> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-inner-section elementor-element elementor-element-e897ae6 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="e897ae6" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-802e337" data-id="802e337" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-5f16da8 elementor-widget elementor-widget-video" data-id="5f16da8" data-element_type="widget" data-settings="{"youtube_url":"https:\/\/youtu.be\/HtSjRhc9BrA","video_type":"youtube","controls":"yes"}" data-widget_type="video.default"> <div class="elementor-widget-container"> <div class="elementor-wrapper elementor-open-inline"> <div class="elementor-video"></div> </div> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e020f11" data-id="e020f11" data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-745b5f0 elementor-widget elementor-widget-text-editor" data-id="745b5f0" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">Why is it more difficult?</span></h2><p><span style="font-weight: 400;">When applying for a fixed term contract mortgage you may struggle because the lender will be unsure of what you will do after the contract ends. This therefore means that some lenders will require a history of contracts in order to lend to you. However, others may allow you on a fixed term contract mortgage as long as you have a certain amount of time remaining on the current contract.</span></p> </div> </div> </div> </div> </div> </section> <div class="elementor-element elementor-element-ab0c15e elementor-widget elementor-widget-text-editor" data-id="ab0c15e" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">What documents will I need for a Fixed Term Contract Mortgage?</span></h2><p><span style="font-weight: 400;">You will need various documents, many of these will be the same as a standard mortgage. However, you may be required to provide more details around your contract, for example the contract itself, prior contracts or a reference from your employer. In general you can expect to be asked for:</span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Bank statements</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Payslips</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proof of ID</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Your contract</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Your previous contract if possible</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Employers reference (This will generally be sought after application, directly with your employer)</span></li></ul><h2><span style="font-weight: 400;">How much can you borrow?</span></h2><p><span style="font-weight: 400;">In general most people can expect to be able to borrow up to 4.75 times their household income. However, in some circumstances people can borrow up to 6 times their income.</span></p><p><span style="font-weight: 400;">For more information on how much you can borrow you can use our </span><a href="https://albionforest.co.uk/mortgage-calculator/"><span style="font-weight: 400;">mortgage calculator</span></a><span style="font-weight: 400;">. The income you can enter into the calculator can be:</span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Employed income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Self employed income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Benefit income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Maintenance income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Investment income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Pension income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Possibly other money that comes into your home.</span></li></ul><h2><span style="font-weight: 400;">Which lenders will accept fixed-term contracts?</span></h2><p><span style="font-weight: 400;">Most lenders will accept a fixed term contract for a mortgage. However, some may require more evidence than others. This can lead to some being a better option for a fixed term contract mortgage.</span></p><p><span style="font-weight: 400;">We highly recommend seeking advice from a fixed term contract mortgage specialist advisor to find out which lender is the best fit for your personal situation.</span></p><h2><span style="font-weight: 400;">What types of fixed term contract mortgage can I get?</span></h2><p><span style="font-weight: 400;">When it comes to different types of mortgages there are many products available. However, they generally come down to 2 different types.</span></p><table><tbody><tr><td><p><span style="font-weight: 400;">Fixed rate mortgages</span></p></td><td><p><span style="font-weight: 400;">Fixed rate mortgages are the most common type of residential mortgage. They have a fixed rate of interest over a set initial period, usually 2, 3 or 5 years.</span></p><p><span style="font-weight: 400;">This type of mortgage usually have an early repayment charge if you try to get out of them before the product end date.</span></p></td></tr><tr><td><p><span style="font-weight: 400;">Variable rate mortgages</span></p></td><td><p><span style="font-weight: 400;">Variable rate mortgages will vary depending on either the lenders standard variable rate or the Bank of England base rate.</span></p><p><span style="font-weight: 400;">Unlike fixed rates, these often do not have an early repayment charge. However, they do sometimes so be careful when considering a product.</span></p></td></tr></tbody></table> </div> </div> <div class="elementor-element elementor-element-7469d5f elementor-align-center elementor-widget elementor-widget-button" data-id="7469d5f" data-element_type="widget" data-widget_type="button.default"> <div class="elementor-widget-container"> <div class="elementor-button-wrapper"> <a class="elementor-button elementor-button-link elementor-size-lg" href="https://albionforest.co.uk/mortgage-calculator/"> <span class="elementor-button-content-wrapper"> <span class="elementor-button-text">How much can I borrow</span> </span> </a> </div> </div> </div> <div class="elementor-element elementor-element-2869939 elementor-widget elementor-widget-text-editor" data-id="2869939" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">How much can I borrow on a fixed term contract?</span></h2><p><span style="font-weight: 400;">When borrowing on a fixed term contract you can sometimes borrow a higher amount. This will depend on how you are paid. If you are paid weekly you may be able to borrow more than people paid monthly.</span></p><p><span style="font-weight: 400;">The maximum you may be able to borrow is up to 6 times your income, however, more often it is a lower multiple or 4.5-5.5 times your annual household income.</span></p><h2><span style="font-weight: 400;">Will having a guarantor help me get a mortgage on a fixed term contract?</span></h2><p><span style="font-weight: 400;">Most lenders do not accept guarantors. It is more common to see a Joint Borrower sole proprietor mortgage. These let you add people onto the mortgage to increase the amount you can borrow, but they do not get ownership of the property.</span></p><p><span style="font-weight: 400;">This can be useful if you cannot borrow enough due to your fixed term contract. If you are considering this option we recommend speaking to your advisor as they can be quite complex.</span></p><h2><span style="font-weight: 400;">How long do you need left on a fixed term contract to get a mortgage?</span></h2><p><span style="font-weight: 400;">Like most criteria, the amount of time required left on a fixed term contract will vary depending on the lender. However, some lenders will consider a fixed term contract with as little as 3 months remaining. Alternatively if you have another contract lined up for when your current one ends, you may be able to use that straight away.</span></p><p><span style="font-weight: 400;">This can come in handy if it is a higher paid contract that you will be going on to.</span></p><h2><span style="font-weight: 400;">Can I remortgage on a fixed term work contract?</span></h2><p><span style="font-weight: 400;">If you are already a homeowner, you should still have options to remortgage to a fixed term contract mortgage. The normal criteria will apply for fixed term contracts.</span></p><p><span style="font-weight: 400;">Your other option is a product transfer, this allows you to stay with your current lender but on a new product.</span></p> </div> </div> <div class="elementor-element elementor-element-294f725 elementor-align-center elementor-widget elementor-widget-global elementor-global-572 elementor-widget-button" data-id="294f725" data-element_type="widget" data-widget_type="button.default"> <div class="elementor-widget-container"> <div class="elementor-button-wrapper"> <a class="elementor-button elementor-button-link elementor-size-lg" href="https://albionforest.co.uk/contact/"> <span class="elementor-button-content-wrapper"> <span class="elementor-button-text">LETS GET STARTED</span> </span> </a> </div> </div> </div> <div class="elementor-element elementor-element-4f2e385 elementor-widget elementor-widget-text-editor" data-id="4f2e385" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">Can you get a mortgage on a 12 month contract?</span></h2><p><span style="font-weight: 400;">If you are on a 12 month contract you should still be able to get a mortgage. Usually this will depend on how far through the contract you are.</span></p><p><span style="font-weight: 400;">Some lenders may also make exceptions to their contract criteria for professionals.</span></p><h2><span style="font-weight: 400;">Can a first time buyer get a fixed term contract mortgage?</span></h2><p><span style="font-weight: 400;">A first time buyer should be able to get a mortgage in the same way as a home mover. Therefore if you are a first time buyer the normal criteria for a fixed term contract mortgage will apply and as long as you have 3-6 months left on your contract you should have options.</span></p><h2><span style="font-weight: 400;">Will gaps in my work history be an issue?</span></h2><p><span style="font-weight: 400;">It will depend on the length of the gap in your work history as to whether a lender will accept it. Most lenders allow a small break of maybe a month or two between contracts, longer than that and you would need to have a good explanation for why you were out of work.</span></p><p><span style="font-weight: 400;">Sometimes it will also depend on the length of experience you have in your industry, for example if you have more than 2 years experience in your current industry, they may ignore a gap in your work history.</span></p><h2><span style="font-weight: 400;">Do you need to have already had a contract extension to get a mortgage?</span></h2><p><span style="font-weight: 400;">You do not need to have had a contract extension in order to get a fixed term contract mortgage. However, some lenders have stricter criteria and may want to see a longer history, and possibly an extension. This is another reason why seeking advice as a fixed term contractor is important.</span></p><h2><span style="font-weight: 400;">Are interest rates higher for people on a fixed term contract?</span></h2><p><span style="font-weight: 400;">Generally interest rates will be the same for people on a fixed term contract. You may be able to get lower interest rates potentially if you are a professional, which is more to do with your career choice rather than contract type.</span></p><p><span style="font-weight: 400;">However, as a general rule a fixed term contractor will not pay a higher interest rate unless they need to go to a more expensive lender in order to secure their mortgage for other reasons.</span></p> </div> </div> <div class="elementor-element elementor-element-289556d elementor-widget elementor-widget-image" data-id="289556d" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="800" height="568" src="https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-1024x727.png" class="attachment-large size-large wp-image-2499" alt="" srcset="https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-1024x727.png 1024w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-300x213.png 300w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-768x545.png 768w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-1536x1091.png 1536w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3.png 1749w" sizes="(max-width: 800px) 100vw, 800px" /> </div> </div> <div class="elementor-element elementor-element-da19013 elementor-widget elementor-widget-text-editor" data-id="da19013" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">How much deposit do I need for a fixed term contract mortgage?</span></h2><p><span style="font-weight: 400;">If you are trying to secure a fixed term contract mortgage you will need a minimum of 5% deposit on both standard purchases, and new build properties.</span></p><p><span style="font-weight: 400;">There are many factors that may affect how much deposit you need, such as credit history, and maximum loan amounts. Therefore you should factor these other things in when working out your deposit required.</span></p><h2><span style="font-weight: 400;">Can I get a fixed term contract mortgage for a professional?</span></h2><p><span style="font-weight: 400;">Professionals often have their own criteria when it comes to a fixed term contract. Often lenders will make an exception to their requirements. This is because professionals often get multiple fixed term contracts in a row, especially in the early years of their career.</span></p><p><span style="font-weight: 400;">Professionals for mortgage purposes would probably include:</span></p><ul><li style="font-weight: 400;" aria-level="1"><a href="https://teacher-mortgage.com" target="_blank" rel="noopener"><span style="font-weight: 400;">Teachers</span></a></li><li style="font-weight: 400;" aria-level="1"><a href="https://nhs-mortgages.co.uk" target="_blank" rel="noopener"><span style="font-weight: 400;">NHS employees</span></a></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Accountants</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Solicitors</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Dentists</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Actuaries</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Architects</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Engineers</span></li></ul> </div> </div> <div class="elementor-element elementor-element-a95ca88 elementor-widget elementor-widget-text-editor" data-id="a95ca88" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h3>Got a question we haven’t answered? Get in touch and we’ll answer it and likely add it to this article to help others!</h3> </div> </div> <section class="elementor-section elementor-inner-section elementor-element elementor-element-e4cdb53 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="e4cdb53" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a3249a3" data-id="a3249a3" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-2f35abd elementor-widget elementor-widget-global elementor-global-8109 elementor-widget-image" data-id="2f35abd" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img loading="lazy" decoding="async" width="800" height="800" src="https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-1024x1024.png" class="attachment-large size-large wp-image-8080" alt="" srcset="https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-1024x1024.png 1024w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-300x300.png 300w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-150x150.png 150w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-768x768.png 768w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67.png 1080w" sizes="(max-width: 800px) 100vw, 800px" /> </div> </div> <div class="elementor-element elementor-element-cb7ae8f elementor-widget elementor-widget-global elementor-global-8112 elementor-widget-text-editor" data-id="cb7ae8f" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>A mortgage article by Mark Robinson – Mortgage & Equity Release Broker</p> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1f41c04" data-id="1f41c04" data-element_type="column"> <div class="elementor-widget-wrap"> </div> </div> </div> </section> </div> </div> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a554568" data-id="a554568" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-a156e3d elementor-widget elementor-widget-template" data-id="a156e3d" data-element_type="widget" data-widget_type="template.default"> <div class="elementor-widget-container"> <div class="elementor-template"> <div data-elementor-type="section" data-elementor-id="132" class="elementor elementor-132" data-elementor-post-type="elementor_library"> <section class="elementor-section elementor-top-section elementor-element elementor-element-98897c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="98897c6" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3903852" data-id="3903852" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-0eb4b41 elementor-widget elementor-widget-global elementor-global-7981 elementor-widget-heading" data-id="0eb4b41" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default"><a href="https://g.page/r/CaUlvgKsZeoBEB0/review" target="_blank">Google Reviews - See More</a></h5> </div> </div> <div class="elementor-element elementor-element-f04e68d elementor-widget elementor-widget-html" data-id="f04e68d" data-element_type="widget" data-widget_type="html.default"> <div class="elementor-widget-container"> <div class="elfsight-app-c4b3e3d9-fee0-4f09-9171-2d846caba232"></div> <div class="elfsight-app-1b08c970-2e04-438d-908a-3ad6eb7848fa"></div> </div> </div> <div class="elementor-element elementor-element-579cae4 elementor-widget elementor-widget-global elementor-global-8290 elementor-widget-html" data-id="579cae4" data-element_type="widget" data-widget_type="html.default"> <div class="elementor-widget-container"> <center><blockquote class="zenplayer" data-episode-href="https://zencastr.com/embed/BZuDVgDb" style="background: black; border-radius: 12px; font-family: system-ui; width: 240px; height: 240px; position: relative; color: white; margin: 0;"> <img decoding="async" style="width: 120px; display: inline-block; position: absolute; top: calc(50%); left: calc(50%); transform: translate(-50%, -50%);" src="data:image/svg+xml;base64,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/> <a href="https://zencastr.com/embed/BZuDVgDb" target="_blank" style="color: white; position: absolute; bottom: 12px; left: 50%; transform: translateX(-50%); text-decoration: none;" rel="noopener"> View on Zencastr </a></blockquote><script type="text/javascript" src="https://zencastr.com/static/js/embed-player.js"></script></center> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-5e650003 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="5e650003" data-element_type="section"> <div class="elementor-container elementor-column-gap-no"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c0a4ebb" data-id="3c0a4ebb" data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-72132d1 elementor-widget elementor-widget-image" data-id="72132d1" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img loading="lazy" decoding="async" width="601" height="1024" src="https://albionforest.co.uk/wp-content/uploads/2020/05/Best-Nationwide-1.png" class="attachment-large size-large wp-image-7070" alt="" srcset="https://albionforest.co.uk/wp-content/uploads/2020/05/Best-Nationwide-1.png 601w, https://albionforest.co.uk/wp-content/uploads/2020/05/Best-Nationwide-1-176x300.png 176w" sizes="(max-width: 601px) 100vw, 601px" /> </div> </div> <div class="elementor-element elementor-element-1e7943f1 elementor-widget elementor-widget-heading" data-id="1e7943f1" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h3 class="elementor-heading-title elementor-size-default">Useful Links</h3> </div> </div> <div class="elementor-element elementor-element-842d98f footer-icon elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list" data-id="842d98f" data-element_type="widget" data-widget_type="icon-list.default"> <div class="elementor-widget-container"> <ul class="elementor-icon-list-items"> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/self-employed-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Self Employed Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/private-medical-insurance/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Private Medical Insurance</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/first-time-buyers/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">First Time Buyers</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/teacher-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Teacher Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/buy-to-let/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Buy To Let</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/remortgages/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Remortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/jbsp-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Joint Borrower Sole Proprietor</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/new-forest-mortgages/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">New Forest Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/land-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Land Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/barn-conversion-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Barn Conversion Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/cis-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">CIS Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/professional-mortgage/student-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Student Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/professional-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Professional Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/fixed-term-contract-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Fixed Term Contract Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/million-pound-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Million Pound Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/minimum-credit-score-for-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Minimum Credit Score for Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/equity-release/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Equity Release</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/mortgage-based-on-maintenance-payments/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Maintenance Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/getting-a-mortgage-on-benefits/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Mortgages on Benefits</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/retirement-interest-only-mortgages/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Retirement interest only</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/pensioner-interest-only-mortgages/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Pensioner interest only</span> </a> </li> </ul> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-11a4ad79 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="11a4ad79" data-element_type="section"> <div class="elementor-container elementor-column-gap-no"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ecba865" data-id="7ecba865" data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-3367d41f elementor-widget elementor-widget-heading" data-id="3367d41f" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h3 class="elementor-heading-title elementor-size-default">Why Albion Forest?</h3> </div> </div> <div class="elementor-element elementor-element-673afcea elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list" data-id="673afcea" data-element_type="widget" data-widget_type="icon-list.default"> <div class="elementor-widget-container"> <ul class="elementor-icon-list-items"> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <i aria-hidden="true" class="fas fa-shield-alt"></i> </span> <span class="elementor-icon-list-text">Raising The standards of financial advice</span> </li> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <i aria-hidden="true" class="fas fa-network-wired"></i> </span> <span class="elementor-icon-list-text">Making financial advice accessible to all</span> </li> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <i aria-hidden="true" class="far fa-handshake"></i> </span> <span class="elementor-icon-list-text">Trusted & stress-free financial advice</span> </li> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <i aria-hidden="true" class="fas fa-hand-holding-heart"></i> </span> <span class="elementor-icon-list-text">Friendly, personable advisors</span> </li> </ul> </div> </div> </div> </div> </div> </section> </div> </div> </div> </div> </div> </div> </div> </section> </div> ', keyword) > 0 UNION ALL SELECT * FROM wp_auto_internal_links WHERE INSTR(' <div data-elementor-type="wp-page" data-elementor-id="4621" class="elementor elementor-4621" data-elementor-post-type="page"> <section class="elementor-section elementor-top-section elementor-element elementor-element-df4ba91 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="df4ba91" data-element_type="section" data-settings="{"background_background":"classic"}"> <div class="elementor-background-overlay"></div> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bd281cd" data-id="bd281cd" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-5818d59 elementor-widget elementor-widget-heading" data-id="5818d59" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h1 class="elementor-heading-title elementor-size-default">Fixed Term Contract mortgage Solutions</h1> </div> </div> <div class="elementor-element elementor-element-c663e35 elementor-widget elementor-widget-text-editor" data-id="c663e35" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>The definitive guide to getting a Fixed Term Contract Mortgage.</p> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6f794bb" data-id="6f794bb" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-8200081 elementor-button-align-stretch elementor-widget elementor-widget-global elementor-global-190 elementor-widget-form" data-id="8200081" data-element_type="widget" data-settings="{"step_next_label":"Next","step_previous_label":"Previous","button_width":"100","step_type":"number_text","step_icon_shape":"circle"}" data-widget_type="form.default"> <div class="elementor-widget-container"> <form class="elementor-form" method="post" name="New Form"> <input type="hidden" name="post_id" value="4621"/> <input type="hidden" name="form_id" value="8200081"/> <input type="hidden" name="referer_title" value="Fixed Term Contract Mortgage 🏠 Borrow up to 6x income" /> <input type="hidden" name="queried_id" value="4621"/> <div class="elementor-form-fields-wrapper elementor-labels-above"> <div class="elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-100 elementor-field-required elementor-mark-required"> <label for="form-field-name" class="elementor-field-label"> Name </label> <input size="1" type="text" name="form_fields[name]" id="form-field-name" class="elementor-field elementor-size-sm elementor-field-textual" required="required" aria-required="true"> </div> <div class="elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required elementor-mark-required"> <label for="form-field-email" class="elementor-field-label"> Email </label> <input size="1" type="email" name="form_fields[email]" id="form-field-email" class="elementor-field elementor-size-sm elementor-field-textual" required="required" aria-required="true"> </div> <div class="elementor-field-type-text elementor-field-group elementor-column elementor-field-group-field_1 elementor-col-100 elementor-field-required elementor-mark-required"> <label for="form-field-field_1" class="elementor-field-label"> Phone </label> <input size="1" type="text" name="form_fields[field_1]" id="form-field-field_1" class="elementor-field elementor-size-sm elementor-field-textual" required="required" aria-required="true"> </div> <div class="elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-field_51fb3e8 elementor-col-100"> <label for="form-field-field_51fb3e8" class="elementor-field-label"> Message </label> <textarea class="elementor-field-textual elementor-field elementor-size-sm" name="form_fields[field_51fb3e8]" id="form-field-field_51fb3e8" rows="4"></textarea> </div> <div class="elementor-field-type-recaptcha_v3 elementor-field-group elementor-column elementor-field-group-field_dc01947 elementor-col-100 recaptcha_v3-bottomleft"> <div class="elementor-field" id="form-field-field_dc01947"><div class="elementor-g-recaptcha" data-sitekey="6Ld2DHUgAAAAAMVXotSao5BofcLHiMLSK74xykwz" data-type="v3" data-action="Form" data-badge="bottomleft" data-size="invisible"></div></div> </div> <div class="elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons"> <button type="submit" class="elementor-button elementor-size-sm"> <span > <span class=" elementor-button-icon"> </span> <span class="elementor-button-text">Let's Get Started</span> </span> </button> </div> </div> </form> </div> </div> <div class="elementor-element elementor-element-f922732 elementor-widget elementor-widget-global elementor-global-194 elementor-widget-heading" data-id="f922732" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <p class="elementor-heading-title elementor-size-default">You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with GDPR May 2018 requirements. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us or one of our trusted partners to discuss your mortgage requirements</p> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-eb00227 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="eb00227" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ef95f03" data-id="ef95f03" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-850b9d3 elementor-toc--minimized-on-desktop elementor-widget elementor-widget-table-of-contents" data-id="850b9d3" data-element_type="widget" data-settings="{"headings_by_tags":["h2"],"exclude_headings_by_selector":[],"minimized_on":"desktop","marker_view":"numbers","minimize_box":"yes","hierarchical_view":"yes","min_height":{"unit":"px","size":"","sizes":[]},"min_height_tablet":{"unit":"px","size":"","sizes":[]},"min_height_mobile":{"unit":"px","size":"","sizes":[]}}" data-widget_type="table-of-contents.default"> <div class="elementor-widget-container"> <div class="elementor-toc__header"> <h4 class="elementor-toc__header-title"> What's in this article </h4> <div class="elementor-toc__toggle-button elementor-toc__toggle-button--expand" role="button" tabindex="0" aria-controls="elementor-toc__850b9d3" aria-expanded="true" aria-label="Open table of contents"><i aria-hidden="true" class="fas fa-chevron-down"></i></div> <div class="elementor-toc__toggle-button elementor-toc__toggle-button--collapse" role="button" tabindex="0" aria-controls="elementor-toc__850b9d3" aria-expanded="true" aria-label="Close table of contents"><i aria-hidden="true" class="fas fa-chevron-up"></i></div> </div> <div id="elementor-toc__850b9d3" class="elementor-toc__body"> <div class="elementor-toc__spinner-container"> <i class="elementor-toc__spinner eicon-animation-spin eicon-loading" aria-hidden="true"></i> </div> </div> </div> </div> <section class="elementor-section elementor-inner-section elementor-element elementor-element-632c4c3 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="632c4c3" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2b793b9" data-id="2b793b9" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-242201f elementor-widget elementor-widget-text-editor" data-id="242201f" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">Can you get a mortgage on a fixed term contract?</span></h2><p><span style="font-weight: 400;">You may find it more difficult to get a mortgage while on a fixed term contract. This is due to lenders being uncertain about the longevity of your employment. However, depending on your situation you may find that you have some options.</span></p> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c4d1351" data-id="c4d1351" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-1e03d42 elementor-widget elementor-widget-image" data-id="1e03d42" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="800" height="567" src="https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-1024x726.png" class="attachment-large size-large wp-image-5031" alt="Fixed Term Contract Mortgage" srcset="https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-1024x726.png 1024w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-300x213.png 300w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-768x545.png 768w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1-1536x1090.png 1536w, https://albionforest.co.uk/wp-content/uploads/2021/11/Copy-of-Life-Insurance-With-Cancer-1.png 1748w" sizes="(max-width: 800px) 100vw, 800px" /> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-inner-section elementor-element elementor-element-e897ae6 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="e897ae6" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-802e337" data-id="802e337" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-5f16da8 elementor-widget elementor-widget-video" data-id="5f16da8" data-element_type="widget" data-settings="{"youtube_url":"https:\/\/youtu.be\/HtSjRhc9BrA","video_type":"youtube","controls":"yes"}" data-widget_type="video.default"> <div class="elementor-widget-container"> <div class="elementor-wrapper elementor-open-inline"> <div class="elementor-video"></div> </div> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e020f11" data-id="e020f11" data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-745b5f0 elementor-widget elementor-widget-text-editor" data-id="745b5f0" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">Why is it more difficult?</span></h2><p><span style="font-weight: 400;">When applying for a fixed term contract mortgage you may struggle because the lender will be unsure of what you will do after the contract ends. This therefore means that some lenders will require a history of contracts in order to lend to you. However, others may allow you on a fixed term contract mortgage as long as you have a certain amount of time remaining on the current contract.</span></p> </div> </div> </div> </div> </div> </section> <div class="elementor-element elementor-element-ab0c15e elementor-widget elementor-widget-text-editor" data-id="ab0c15e" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">What documents will I need for a Fixed Term Contract Mortgage?</span></h2><p><span style="font-weight: 400;">You will need various documents, many of these will be the same as a standard mortgage. However, you may be required to provide more details around your contract, for example the contract itself, prior contracts or a reference from your employer. In general you can expect to be asked for:</span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Bank statements</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Payslips</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proof of ID</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Your contract</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Your previous contract if possible</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Employers reference (This will generally be sought after application, directly with your employer)</span></li></ul><h2><span style="font-weight: 400;">How much can you borrow?</span></h2><p><span style="font-weight: 400;">In general most people can expect to be able to borrow up to 4.75 times their household income. However, in some circumstances people can borrow up to 6 times their income.</span></p><p><span style="font-weight: 400;">For more information on how much you can borrow you can use our </span><a href="https://albionforest.co.uk/mortgage-calculator/"><span style="font-weight: 400;">mortgage calculator</span></a><span style="font-weight: 400;">. The income you can enter into the calculator can be:</span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Employed income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Self employed income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Benefit income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Maintenance income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Investment income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Pension income</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Possibly other money that comes into your home.</span></li></ul><h2><span style="font-weight: 400;">Which lenders will accept fixed-term contracts?</span></h2><p><span style="font-weight: 400;">Most lenders will accept a fixed term contract for a mortgage. However, some may require more evidence than others. This can lead to some being a better option for a fixed term contract mortgage.</span></p><p><span style="font-weight: 400;">We highly recommend seeking advice from a fixed term contract mortgage specialist advisor to find out which lender is the best fit for your personal situation.</span></p><h2><span style="font-weight: 400;">What types of fixed term contract mortgage can I get?</span></h2><p><span style="font-weight: 400;">When it comes to different types of mortgages there are many products available. However, they generally come down to 2 different types.</span></p><table><tbody><tr><td><p><span style="font-weight: 400;">Fixed rate mortgages</span></p></td><td><p><span style="font-weight: 400;">Fixed rate mortgages are the most common type of residential mortgage. They have a fixed rate of interest over a set initial period, usually 2, 3 or 5 years.</span></p><p><span style="font-weight: 400;">This type of mortgage usually have an early repayment charge if you try to get out of them before the product end date.</span></p></td></tr><tr><td><p><span style="font-weight: 400;">Variable rate mortgages</span></p></td><td><p><span style="font-weight: 400;">Variable rate mortgages will vary depending on either the lenders standard variable rate or the Bank of England base rate.</span></p><p><span style="font-weight: 400;">Unlike fixed rates, these often do not have an early repayment charge. However, they do sometimes so be careful when considering a product.</span></p></td></tr></tbody></table> </div> </div> <div class="elementor-element elementor-element-7469d5f elementor-align-center elementor-widget elementor-widget-button" data-id="7469d5f" data-element_type="widget" data-widget_type="button.default"> <div class="elementor-widget-container"> <div class="elementor-button-wrapper"> <a class="elementor-button elementor-button-link elementor-size-lg" href="https://albionforest.co.uk/mortgage-calculator/"> <span class="elementor-button-content-wrapper"> <span class="elementor-button-text">How much can I borrow</span> </span> </a> </div> </div> </div> <div class="elementor-element elementor-element-2869939 elementor-widget elementor-widget-text-editor" data-id="2869939" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">How much can I borrow on a fixed term contract?</span></h2><p><span style="font-weight: 400;">When borrowing on a fixed term contract you can sometimes borrow a higher amount. This will depend on how you are paid. If you are paid weekly you may be able to borrow more than people paid monthly.</span></p><p><span style="font-weight: 400;">The maximum you may be able to borrow is up to 6 times your income, however, more often it is a lower multiple or 4.5-5.5 times your annual household income.</span></p><h2><span style="font-weight: 400;">Will having a guarantor help me get a mortgage on a fixed term contract?</span></h2><p><span style="font-weight: 400;">Most lenders do not accept guarantors. It is more common to see a Joint Borrower sole proprietor mortgage. These let you add people onto the mortgage to increase the amount you can borrow, but they do not get ownership of the property.</span></p><p><span style="font-weight: 400;">This can be useful if you cannot borrow enough due to your fixed term contract. If you are considering this option we recommend speaking to your advisor as they can be quite complex.</span></p><h2><span style="font-weight: 400;">How long do you need left on a fixed term contract to get a mortgage?</span></h2><p><span style="font-weight: 400;">Like most criteria, the amount of time required left on a fixed term contract will vary depending on the lender. However, some lenders will consider a fixed term contract with as little as 3 months remaining. Alternatively if you have another contract lined up for when your current one ends, you may be able to use that straight away.</span></p><p><span style="font-weight: 400;">This can come in handy if it is a higher paid contract that you will be going on to.</span></p><h2><span style="font-weight: 400;">Can I remortgage on a fixed term work contract?</span></h2><p><span style="font-weight: 400;">If you are already a homeowner, you should still have options to remortgage to a fixed term contract mortgage. The normal criteria will apply for fixed term contracts.</span></p><p><span style="font-weight: 400;">Your other option is a product transfer, this allows you to stay with your current lender but on a new product.</span></p> </div> </div> <div class="elementor-element elementor-element-294f725 elementor-align-center elementor-widget elementor-widget-global elementor-global-572 elementor-widget-button" data-id="294f725" data-element_type="widget" data-widget_type="button.default"> <div class="elementor-widget-container"> <div class="elementor-button-wrapper"> <a class="elementor-button elementor-button-link elementor-size-lg" href="https://albionforest.co.uk/contact/"> <span class="elementor-button-content-wrapper"> <span class="elementor-button-text">LETS GET STARTED</span> </span> </a> </div> </div> </div> <div class="elementor-element elementor-element-4f2e385 elementor-widget elementor-widget-text-editor" data-id="4f2e385" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">Can you get a mortgage on a 12 month contract?</span></h2><p><span style="font-weight: 400;">If you are on a 12 month contract you should still be able to get a mortgage. Usually this will depend on how far through the contract you are.</span></p><p><span style="font-weight: 400;">Some lenders may also make exceptions to their contract criteria for professionals.</span></p><h2><span style="font-weight: 400;">Can a first time buyer get a fixed term contract mortgage?</span></h2><p><span style="font-weight: 400;">A first time buyer should be able to get a mortgage in the same way as a home mover. Therefore if you are a first time buyer the normal criteria for a fixed term contract mortgage will apply and as long as you have 3-6 months left on your contract you should have options.</span></p><h2><span style="font-weight: 400;">Will gaps in my work history be an issue?</span></h2><p><span style="font-weight: 400;">It will depend on the length of the gap in your work history as to whether a lender will accept it. Most lenders allow a small break of maybe a month or two between contracts, longer than that and you would need to have a good explanation for why you were out of work.</span></p><p><span style="font-weight: 400;">Sometimes it will also depend on the length of experience you have in your industry, for example if you have more than 2 years experience in your current industry, they may ignore a gap in your work history.</span></p><h2><span style="font-weight: 400;">Do you need to have already had a contract extension to get a mortgage?</span></h2><p><span style="font-weight: 400;">You do not need to have had a contract extension in order to get a fixed term contract mortgage. However, some lenders have stricter criteria and may want to see a longer history, and possibly an extension. This is another reason why seeking advice as a fixed term contractor is important.</span></p><h2><span style="font-weight: 400;">Are interest rates higher for people on a fixed term contract?</span></h2><p><span style="font-weight: 400;">Generally interest rates will be the same for people on a fixed term contract. You may be able to get lower interest rates potentially if you are a professional, which is more to do with your career choice rather than contract type.</span></p><p><span style="font-weight: 400;">However, as a general rule a fixed term contractor will not pay a higher interest rate unless they need to go to a more expensive lender in order to secure their mortgage for other reasons.</span></p> </div> </div> <div class="elementor-element elementor-element-289556d elementor-widget elementor-widget-image" data-id="289556d" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="800" height="568" src="https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-1024x727.png" class="attachment-large size-large wp-image-2499" alt="" srcset="https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-1024x727.png 1024w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-300x213.png 300w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-768x545.png 768w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3-1536x1091.png 1536w, https://albionforest.co.uk/wp-content/uploads/2020/12/unnamed-3.png 1749w" sizes="(max-width: 800px) 100vw, 800px" /> </div> </div> <div class="elementor-element elementor-element-da19013 elementor-widget elementor-widget-text-editor" data-id="da19013" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h2><span style="font-weight: 400;">How much deposit do I need for a fixed term contract mortgage?</span></h2><p><span style="font-weight: 400;">If you are trying to secure a fixed term contract mortgage you will need a minimum of 5% deposit on both standard purchases, and new build properties.</span></p><p><span style="font-weight: 400;">There are many factors that may affect how much deposit you need, such as credit history, and maximum loan amounts. Therefore you should factor these other things in when working out your deposit required.</span></p><h2><span style="font-weight: 400;">Can I get a fixed term contract mortgage for a professional?</span></h2><p><span style="font-weight: 400;">Professionals often have their own criteria when it comes to a fixed term contract. Often lenders will make an exception to their requirements. This is because professionals often get multiple fixed term contracts in a row, especially in the early years of their career.</span></p><p><span style="font-weight: 400;">Professionals for mortgage purposes would probably include:</span></p><ul><li style="font-weight: 400;" aria-level="1"><a href="https://teacher-mortgage.com" target="_blank" rel="noopener"><span style="font-weight: 400;">Teachers</span></a></li><li style="font-weight: 400;" aria-level="1"><a href="https://nhs-mortgages.co.uk" target="_blank" rel="noopener"><span style="font-weight: 400;">NHS employees</span></a></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Accountants</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Solicitors</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Dentists</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Actuaries</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Architects</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Engineers</span></li></ul> </div> </div> <div class="elementor-element elementor-element-a95ca88 elementor-widget elementor-widget-text-editor" data-id="a95ca88" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h3>Got a question we haven’t answered? Get in touch and we’ll answer it and likely add it to this article to help others!</h3> </div> </div> <section class="elementor-section elementor-inner-section elementor-element elementor-element-e4cdb53 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="e4cdb53" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a3249a3" data-id="a3249a3" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-2f35abd elementor-widget elementor-widget-global elementor-global-8109 elementor-widget-image" data-id="2f35abd" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img loading="lazy" decoding="async" width="800" height="800" src="https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-1024x1024.png" class="attachment-large size-large wp-image-8080" alt="" srcset="https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-1024x1024.png 1024w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-300x300.png 300w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-150x150.png 150w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67-768x768.png 768w, https://albionforest.co.uk/wp-content/uploads/2022/10/Untitled-design-67.png 1080w" sizes="(max-width: 800px) 100vw, 800px" /> </div> </div> <div class="elementor-element elementor-element-cb7ae8f elementor-widget elementor-widget-global elementor-global-8112 elementor-widget-text-editor" data-id="cb7ae8f" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>A mortgage article by Mark Robinson – Mortgage & Equity Release Broker</p> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1f41c04" data-id="1f41c04" data-element_type="column"> <div class="elementor-widget-wrap"> </div> </div> </div> </section> </div> </div> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a554568" data-id="a554568" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-a156e3d elementor-widget elementor-widget-template" data-id="a156e3d" data-element_type="widget" data-widget_type="template.default"> <div class="elementor-widget-container"> <div class="elementor-template"> <div data-elementor-type="section" data-elementor-id="132" class="elementor elementor-132" data-elementor-post-type="elementor_library"> <section class="elementor-section elementor-top-section elementor-element elementor-element-98897c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="98897c6" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3903852" data-id="3903852" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-0eb4b41 elementor-widget elementor-widget-global elementor-global-7981 elementor-widget-heading" data-id="0eb4b41" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default"><a href="https://g.page/r/CaUlvgKsZeoBEB0/review" target="_blank">Google Reviews - See More</a></h5> </div> </div> <div class="elementor-element elementor-element-f04e68d elementor-widget elementor-widget-html" data-id="f04e68d" data-element_type="widget" data-widget_type="html.default"> <div class="elementor-widget-container"> <div class="elfsight-app-c4b3e3d9-fee0-4f09-9171-2d846caba232"></div> <div class="elfsight-app-1b08c970-2e04-438d-908a-3ad6eb7848fa"></div> </div> </div> <div class="elementor-element elementor-element-579cae4 elementor-widget elementor-widget-global elementor-global-8290 elementor-widget-html" data-id="579cae4" data-element_type="widget" data-widget_type="html.default"> <div class="elementor-widget-container"> <center><blockquote class="zenplayer" data-episode-href="https://zencastr.com/embed/BZuDVgDb" style="background: black; border-radius: 12px; font-family: system-ui; width: 240px; height: 240px; position: relative; color: white; margin: 0;"> <img decoding="async" style="width: 120px; display: inline-block; position: absolute; top: calc(50%); left: calc(50%); transform: translate(-50%, -50%);" src="data:image/svg+xml;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMTE5IDE4IiBoZWlnaHQ9IjEwMCIgd2lkdGg9IjMwMCIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KCTxwYXRoIGZpbGwtcnVsZT0iZXZlbm9kZCIgY2xpcC1ydWxlPSJldmVub2RkIiBkPSJNMTE1LjQyNSA2LjQyNTgxQzExNC4yMSA2LjQyNTgxIDExMy4yMjUgNy40MTE3MSAxMTMuMjI1IDguNjI3ODhWMTUuNjc0NUMxMTMuMjI1IDE2LjQwNDIgMTEyLjYzNSAxNi45OTU4IDExMS45MDYgMTYuOTk1OEMxMTEuMTc3IDE2Ljk5NTggMTEwLjU4NiAxNi40MDQyIDExMC41ODYgMTUuNjc0NVY4LjYyNzg4QzExMC41ODYgNS45NTIzMSAxMTIuNzUyIDMuNzgzMzMgMTE1LjQyNSAzLjc4MzMzSDExNy4xODVDMTE3LjkxNCAzLjc4MzMzIDExOC41MDUgNC4zNzQ4NyAxMTguNTA1IDUuMTA0NTdDMTE4LjUwNSA1LjgzNDI3IDExNy45MTQgNi40MjU4MSAxMTcuMTg1IDYuNDI1ODFIMTE1LjQyNVoiIGZpbGw9IndoaXRlIj48L3BhdGg+Cgk8cGF0aCBmaWxsLXJ1bGU9ImV2ZW5vZGQiIGNsaXAtcnVsZT0iZXZlbm9kZCIgZD0iTTEwMi4yMjcgMC4yNjAwMUMxMDIuOTU2IDAuMjYwMDEgMTAzLjU0NyAwLjg1MTU1MSAxMDMuNTQ3IDEuNTgxMjVWMy43ODMzM0gxMDcuNTA2QzEwOC4yMzUgMy43ODMzMyAxMDguODI2IDQuMzc0ODcgMTA4LjgyNiA1LjEwNDU3QzEwOC44MjYgNS44MzQyNyAxMDguMjM1IDYuNDI1ODEgMTA3LjUwNiA2LjQyNTgxSDEwMy41NDdWMTEuMjcwNEMxMDMuNTQ3IDEyLjk3MyAxMDQuOTI2IDE0LjM1MzMgMTA2LjYyNyAxNC4zNTMzSDEwNy41MDZDMTA4LjIzNSAxNC4zNTMzIDEwOC44MjYgMTQuOTQ0OCAxMDguODI2IDE1LjY3NDVDMTA4LjgyNiAxNi40MDQyIDEwOC4yMzUgMTYuOTk1OCAxMDcuNTA2IDE2Ljk5NThIMTA2LjYyN0MxMDMuNDY4IDE2Ljk5NTggMTAwLjkwNyAxNC40MzI0IDEwMC45MDcgMTEuMjcwNFYxLjU4MTI1QzEwMC45MDcgMC44NTE1NTEgMTAxLjQ5OCAwLjI2MDAxIDEwMi4yMjcgMC4yNjAwMVoiIGZpbGw9IndoaXRlIj48L3BhdGg+Cgk8cGF0aCBkPSJNODguMzk0OCAxNS45MjFDODkuOTc4NiAxNi44ODk5IDkxLjU4MDggMTcuMjYgOTMuNjkyNCAxNy4yNkM5Ni4yNDQxIDE3LjI2IDk5LjU4NzYgMTYuMjAzIDk5LjU4NzYgMTMuMTIwMUM5OS41ODc2IDcuMzk0NjkgOTAuMzQ4OSAxMC4zODk1IDkwLjM0ODkgNy44MzUxQzkwLjM0ODkgNy4wNDIzNiA5MS41ODA4IDYuMTYxNTMgOTMuNDI4NSA2LjE2MTUzQzk0LjU3MjMgNi4xNjE1MyA5Ni4xMTIxIDYuNjkwMDMgOTYuNzI4IDcuMTMwNDRDOTcuMzU5MiA3LjQ5NTI5IDk4LjE2NzMgNy4yNzc5MiA5OC41MzE3IDYuNjQ1OThDOTguODk2MiA2LjAxNDAzIDk4LjY3OSA1LjIwNTE0IDk4LjA0NzggNC44NDAyOUM5Ni43MjggMy45NTk0NiA5NS4xMDAyIDMuNTE5MDQgOTMuNDI4NSAzLjUxOTA0QzkwLjI2MSAzLjUxOTA0IDg3LjcwOTMgNS40NTY4NyA4Ny43MDkzIDcuODM1MUM4Ny43MDkzIDEzLjM4NDMgOTYuOTQ4IDEwLjU2NTcgOTYuOTQ4IDEzLjEyMDFDOTYuOTQ4IDE0LjAwMDkgOTUuNTQwMiAxNC42MTc1IDkzLjY5MjQgMTQuNjE3NUM5Mi4wMjA3IDE0LjYxNzUgOTAuOTQ2NCAxNC4zMzU1IDg5LjYyNjYgMTMuNjMwOUM4OS4wMTA3IDEzLjI3ODUgODguMjE4OCAxMy41NDI4IDg3Ljg2NjkgMTQuMTU5NEM4Ny41MTQ5IDE0Ljc3NiA4Ny43Nzg5IDE1LjU2ODcgODguMzk0OCAxNS45MjFaIiBmaWxsPSJ3aGl0ZSI+PC9wYXRoPgoJPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik04My4zMSAxNS41Nzc0QzgyLjE0MzggMTYuNjI1NSA4MC42MjA5IDE3LjI2IDc4Ljk1NDYgMTcuMjZDNzUuMjg1OCAxNy4yNiA3Mi4zMTE2IDE0LjE4NCA3Mi4zMTE2IDEwLjM4OTVDNzIuMzExNiA2LjU5NTA2IDc1LjI4NTggMy41MTkwNCA3OC45NTQ2IDMuNTE5MDRDODAuNjIwOSAzLjUxOTA0IDgyLjE0MzggNC4xNTM1MSA4My4zMSA1LjIwMTZWNS4xMDQ1NEM4My4zMSA0LjM3NDgzIDgzLjkwMDggMy43ODMyOSA4NC42Mjk4IDMuNzgzMjlDODUuMzU4NyAzLjc4MzI5IDg1Ljk0OTUgNC4zNzQ4MyA4NS45NDk1IDUuMTA0NTRWMTUuNjc0NUM4NS45NDk1IDE2LjQwNDIgODUuMzU4NyAxNi45OTU3IDg0LjYyOTggMTYuOTk1N0M4My45MDA4IDE2Ljk5NTcgODMuMzEgMTYuNDA0MiA4My4zMSAxNS42NzQ1VjE1LjU3NzRaTTgzLjY2MTkgMTAuMzg5NUM4My42NjE5IDEyLjcyNDYgODEuNzEyIDE0LjYxNzUgNzkuMzA2NiAxNC42MTc1Qzc2LjkwMTIgMTQuNjE3NSA3NC45NTEyIDEyLjcyNDYgNzQuOTUxMiAxMC4zODk1Qzc0Ljk1MTIgOC4wNTQ0NiA3Ni45MDEyIDYuMTYxNTMgNzkuMzA2NiA2LjE2MTUzQzgxLjcxMiA2LjE2MTUzIDgzLjY2MTkgOC4wNTQ0NiA4My42NjE5IDEwLjM4OTVaIiBmaWxsPSJ3aGl0ZSI+PC9wYXRoPgoJPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik02Ni4zMjg1IDYuMTYxNTNDNjMuODU5NiA2LjE2MTUzIDYxLjkyOTIgOC4wOTMwOCA2MS45MjkyIDEwLjM4OTVDNjEuOTI5MiAxMi42ODU5IDYzLjg1OTYgMTQuNjE3NSA2Ni4zMjg1IDE0LjYxNzVDNjcuNTY3NyAxNC42MTc1IDY4LjY4ODcgMTQuMjYyNyA2OS41NjYyIDEzLjY4ODlDNzAuMTc2NSAxMy4yODk5IDcwLjk5NDQgMTMuNDYxNyA3MS4zOTI5IDE0LjA3MjdDNzEuNzkxNSAxNC42ODM2IDcxLjYxOTkgMTUuNTAyNCA3MS4wMDk2IDE1LjkwMTRDNjkuNjkyOSAxNi43NjIyIDY4LjA2ODQgMTcuMjYgNjYuMzI4NSAxNy4yNkM2Mi40ODAyIDE3LjI2IDU5LjI4OTYgMTQuMjIyNiA1OS4yODk2IDEwLjM4OTVDNTkuMjg5NiA2LjU1NjQ0IDYyLjQ4MDIgMy41MTkwNCA2Ni4zMjg1IDMuNTE5MDRDNjguMDY4NCAzLjUxOTA0IDY5LjY5MjkgNC4wMTY4NCA3MS4wMDk2IDQuODc3NjVDNzEuNjE5OSA1LjI3NjY1IDcxLjc5MTUgNi4wOTUzOCA3MS4zOTI5IDYuNzA2MzRDNzAuOTk0NCA3LjMxNzI5IDcwLjE3NjUgNy40ODkxMSA2OS41NjYzIDcuMDkwMTFDNjguNjg4NyA2LjUxNjM2IDY3LjU2NzcgNi4xNjE1MyA2Ni4zMjg1IDYuMTYxNTNaIiBmaWxsPSJ3aGl0ZSI+PC9wYXRoPgoJPHBhdGggZD0iTTU1LjgxNDEgMTYuODE5QzU1LjQxOTYgMTYuNTkwNSA1NS4xNTQyIDE2LjE2MzUgNTUuMTU0MiAxNS42NzQ1VjEwLjEyNTNDNTUuMTU0MiA3LjkzNjE1IDUzLjM4MTUgNi4xNjE1MyA1MS4xOTQ4IDYuMTYxNTNDNDkuMDA4MSA2LjE2MTUzIDQ3LjIzNTQgNy45MzYxNSA0Ny4yMzU0IDEwLjEyNTNWMTUuNjc0NUM0Ny4yMzU0IDE2LjE2MzUgNDYuOTcgMTYuNTkwNSA0Ni41NzU1IDE2LjgxOUM0Ni4zODEzIDE2LjkzMTQgNDYuMTU2IDE2Ljk5NTcgNDUuOTE1NiAxNi45OTU3QzQ1LjE4NjcgMTYuOTk1NyA0NC41OTU4IDE2LjQwNDIgNDQuNTk1OCAxNS42NzQ1VjUuMTA0NTRDNDQuNTk1OCA0LjM3NDgzIDQ1LjE4NjcgMy43ODMyOSA0NS45MTU2IDMuNzgzMjlDNDYuNjQ0NSAzLjc4MzI5IDQ3LjIzNTQgNC4zNzQ4MyA0Ny4yMzU0IDUuMTA0NTRWNS4zMDgyNEM0OC4yMDI3IDQuMjExMDUgNDkuNjE4IDMuNTE5MDQgNTEuMTk0OCAzLjUxOTA0QzU0LjgzOTMgMy41MTkwNCA1Ny43OTM4IDYuNDc2NzUgNTcuNzkzOCAxMC4xMjUzVjE1LjY3NDVDNTcuNzkzOCAxNi40MDQyIDU3LjIwMjkgMTYuOTk1NyA1Ni40NzQgMTYuOTk1N0M1Ni4yMzM2IDE2Ljk5NTcgNTYuMDA4MiAxNi45MzE0IDU1LjgxNDEgMTYuODE5WiIgZmlsbD0id2hpdGUiP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/> <a href="https://zencastr.com/embed/BZuDVgDb" target="_blank" style="color: white; position: absolute; bottom: 12px; left: 50%; transform: translateX(-50%); text-decoration: none;" rel="noopener"> View on Zencastr </a></blockquote><script type="text/javascript" src="https://zencastr.com/static/js/embed-player.js"></script></center> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-5e650003 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="5e650003" data-element_type="section"> <div class="elementor-container elementor-column-gap-no"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c0a4ebb" data-id="3c0a4ebb" data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-72132d1 elementor-widget elementor-widget-image" data-id="72132d1" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img loading="lazy" decoding="async" width="601" height="1024" src="https://albionforest.co.uk/wp-content/uploads/2020/05/Best-Nationwide-1.png" class="attachment-large size-large wp-image-7070" alt="" srcset="https://albionforest.co.uk/wp-content/uploads/2020/05/Best-Nationwide-1.png 601w, https://albionforest.co.uk/wp-content/uploads/2020/05/Best-Nationwide-1-176x300.png 176w" sizes="(max-width: 601px) 100vw, 601px" /> </div> </div> <div class="elementor-element elementor-element-1e7943f1 elementor-widget elementor-widget-heading" data-id="1e7943f1" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h3 class="elementor-heading-title elementor-size-default">Useful Links</h3> </div> </div> <div class="elementor-element elementor-element-842d98f footer-icon elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list" data-id="842d98f" data-element_type="widget" data-widget_type="icon-list.default"> <div class="elementor-widget-container"> <ul class="elementor-icon-list-items"> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/self-employed-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Self Employed Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/private-medical-insurance/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Private Medical Insurance</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/first-time-buyers/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">First Time Buyers</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/teacher-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Teacher Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/buy-to-let/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Buy To Let</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/remortgages/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Remortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/jbsp-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Joint Borrower Sole Proprietor</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/new-forest-mortgages/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">New Forest Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/land-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Land Mortgages</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/barn-conversion-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Barn Conversion Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/cis-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">CIS Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/professional-mortgage/student-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Student Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/professional-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Professional Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/fixed-term-contract-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Fixed Term Contract Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/million-pound-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Million Pound Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a href="https://albionforest.co.uk/minimum-credit-score-for-mortgage/"> <span class="elementor-icon-list-icon"> </span> <span class="elementor-icon-list-text">Minimum Credit Score for Mortgage</span> </a> </li> <li class="elementor-icon-list-item"> <a 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Fixed Term Contract mortgage Solutions

The definitive guide to getting a Fixed Term Contract Mortgage.

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Can you get a mortgage on a fixed term contract?

You may find it more difficult to get a mortgage while on a fixed term contract. This is due to lenders being uncertain about the longevity of your employment. However, depending on your situation you may find that you have some options.

Why is it more difficult?

When applying for a fixed term contract mortgage you may struggle because the lender will be unsure of what you will do after the contract ends. This therefore means that some lenders will require a history of contracts in order to lend to you. However, others may allow you on a fixed term contract mortgage as long as you have a certain amount of time remaining on the current contract.

What documents will I need for a Fixed Term Contract Mortgage?

You will need various documents, many of these will be the same as a standard mortgage. However, you may be required to provide more details around your contract, for example the contract itself, prior contracts or a reference from your employer. In general you can expect to be asked for:

Bank statements
Payslips
Proof of ID
Your contract
Your previous contract if possible
Employers reference (This will generally be sought after application, directly with your employer)

How much can you borrow?

In general most people can expect to be able to borrow up to 4.75 times their household income. However, in some circumstances people can borrow up to 6 times their income.

For more information on how much you can borrow you can use our mortgage calculator. The income you can enter into the calculator can be:

Employed income
Self employed income
Benefit income
Maintenance income
Investment income
Pension income
Possibly other money that comes into your home.

Which lenders will accept fixed-term contracts?

Most lenders will accept a fixed term contract for a mortgage. However, some may require more evidence than others. This can lead to some being a better option for a fixed term contract mortgage.

We highly recommend seeking advice from a fixed term contract mortgage specialist advisor to find out which lender is the best fit for your personal situation.

What types of fixed term contract mortgage can I get?

When it comes to different types of mortgages there are many products available. However, they generally come down to 2 different types.

Fixed rate mortgages

Fixed rate mortgages are the most common type of residential mortgage. They have a fixed rate of interest over a set initial period, usually 2, 3 or 5 years.

This type of mortgage usually have an early repayment charge if you try to get out of them before the product end date.

Variable rate mortgages

Variable rate mortgages will vary depending on either the lenders standard variable rate or the Bank of England base rate.

Unlike fixed rates, these often do not have an early repayment charge. However, they do sometimes so be careful when considering a product.

How much can I borrow on a fixed term contract?

When borrowing on a fixed term contract you can sometimes borrow a higher amount. This will depend on how you are paid. If you are paid weekly you may be able to borrow more than people paid monthly.

The maximum you may be able to borrow is up to 6 times your income, however, more often it is a lower multiple or 4.5-5.5 times your annual household income.

Will having a guarantor help me get a mortgage on a fixed term contract?

Most lenders do not accept guarantors. It is more common to see a Joint Borrower sole proprietor mortgage. These let you add people onto the mortgage to increase the amount you can borrow, but they do not get ownership of the property.

This can be useful if you cannot borrow enough due to your fixed term contract. If you are considering this option we recommend speaking to your advisor as they can be quite complex.

How long do you need left on a fixed term contract to get a mortgage?

Like most criteria, the amount of time required left on a fixed term contract will vary depending on the lender. However, some lenders will consider a fixed term contract with as little as 3 months remaining. Alternatively if you have another contract lined up for when your current one ends, you may be able to use that straight away.

This can come in handy if it is a higher paid contract that you will be going on to.

Can I remortgage on a fixed term work contract?

If you are already a homeowner, you should still have options to remortgage to a fixed term contract mortgage. The normal criteria will apply for fixed term contracts.

Your other option is a product transfer, this allows you to stay with your current lender but on a new product.

Can you get a mortgage on a 12 month contract?

If you are on a 12 month contract you should still be able to get a mortgage. Usually this will depend on how far through the contract you are.

Some lenders may also make exceptions to their contract criteria for professionals.

Can a first time buyer get a fixed term contract mortgage?

A first time buyer should be able to get a mortgage in the same way as a home mover. Therefore if you are a first time buyer the normal criteria for a fixed term contract mortgage will apply and as long as you have 3-6 months left on your contract you should have options.

Will gaps in my work history be an issue?

It will depend on the length of the gap in your work history as to whether a lender will accept it. Most lenders allow a small break of maybe a month or two between contracts, longer than that and you would need to have a good explanation for why you were out of work.

Sometimes it will also depend on the length of experience you have in your industry, for example if you have more than 2 years experience in your current industry, they may ignore a gap in your work history.

Do you need to have already had a contract extension to get a mortgage?

You do not need to have had a contract extension in order to get a fixed term contract mortgage. However, some lenders have stricter criteria and may want to see a longer history, and possibly an extension. This is another reason why seeking advice as a fixed term contractor is important.

Are interest rates higher for people on a fixed term contract?

Generally interest rates will be the same for people on a fixed term contract. You may be able to get lower interest rates potentially if you are a professional, which is more to do with your career choice rather than contract type.

However, as a general rule a fixed term contractor will not pay a higher interest rate unless they need to go to a more expensive lender in order to secure their mortgage for other reasons.

How much deposit do I need for a fixed term contract mortgage?

If you are trying to secure a fixed term contract mortgage you will need a minimum of 5% deposit on both standard purchases, and new build properties.

There are many factors that may affect how much deposit you need, such as credit history, and maximum loan amounts. Therefore you should factor these other things in when working out your deposit required.

Can I get a fixed term contract mortgage for a professional?

Professionals often have their own criteria when it comes to a fixed term contract. Often lenders will make an exception to their requirements. This is because professionals often get multiple fixed term contracts in a row, especially in the early years of their career.

Professionals for mortgage purposes would probably include:

Teachers
NHS employees
Accountants
Solicitors
Dentists
Actuaries
Architects
Engineers

Your home may be repossessed if you do not keep up repayments on your mortgage. Buy to let mortgages are not regulated by the Financial conduct authority

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