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Mortgages for supply teachers?

Discussion in 'Supply teaching' started by missnelms, Mar 15, 2020.

  1. missnelms

    missnelms New commenter

    I'm no longer a teacher anymore - I successfully changed careers into steady office job. However, my husband is a supply teacher, which seems to put us at a disadvantage for a mortgage.

    Any of you managed to get a mortgage as a supply teacher, and if so, where did you go?
  2. BertieBassett2

    BertieBassett2 Star commenter

    Try a mortgage broker? I can PM you the one I used when I was on Supply (and on my own!)
    missnelms and pepper5 like this.
  3. elvispenhaligon

    elvispenhaligon Occasional commenter

    Not these days. It's a volatile market and they'd rather you were on a till on NMW than doing something patchy.

    You could show them your "accounts". It's unlikely though. But you can rent all day and that counts for nothing
  4. JJ83

    JJ83 New commenter

    Yeah I changed mine twice on supply, first time to halifax and second time to coventry building society
    missnelms likes this.
  5. missnelms

    missnelms New commenter

    Yes please!
  6. missnelms

    missnelms New commenter

    How long ago did you do this? I've heard that rules for lenders have changed recently. When did you apply and were there any restrictions or hoops to jump through?
  7. jjnwsci

    jjnwsci New commenter

    I changed mine last year from interest only to repayment, but had to go through the process as if I was getting the mortgage for the first time. I’m with Santander. Their criteria required me to show my previous years’ income and also a letter from my teaching agency to prove I was in a long term placement. It was a difficult and very long winded process. It is doable, but nerve wrecking at the same time. I had tried the Halifax but they refused point blank because I’m a supply teacher!
    agathamorse and pepper5 like this.
  8. JJ83

    JJ83 New commenter

    Last summer ano no none! Just normal process
  9. frederico

    frederico New commenter

    I got a first time mortgage just before Christmas, I have been working supply for years and love it. There isn't any reason why you shouldn't. Ours was was with Nationwide
  10. shakes1616

    shakes1616 Established commenter

    It's too risky having a mortgage on supply. If you lose your job, how you going to pay it?

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