Great news! You have passed the necessary exams and have achieved your goal of becoming a newly qualified teacher, and now it’s time to find yourself a teaching position and start in the classroom. You may find yourself in a situation that you may need to start looking at Moving House in Leeds if you aren’t close enough to that particular school.
Soon you’ll be looking for a place to move and balancing the struggle of homeownership whilst getting comfortable in your newfound role as a teacher. You are not alone in this situation, though, as we have helped countless customers in a similar situation.
You may find it challenging to find a lender willing to offer a mortgage to newly qualified teachers. The main reason will be having no work history or being on a temporary contract. Even though this is the case, do not worry, as it may be still possible to obtain a mortgage as a newly qualified teacher.
On occasion, some lenders may offer good deals with those working in this particular sector. The key to this is finding the right lender, which is usually the hard part; this is where our dedicated mortgage advice team in Leeds can help search thousands of deals to find you the most appropriate mortgage deals and rates.
The different types of mortgage available for Newly Qualified Teacher’s may include:
🏠 Help-to-Buy Schemes
🏠 Fixed-Rate Mortgages
🏠 Shared Ownership Mortgages
🏠 Variable-Rate Mortgages
Here are some things that lender may take into consideration:
🏠 No previous employment history required.
🏠 Mortgages available up to one month before starting the first contract (so you can apply in August, for example).
🏠 Up to 95% loan to value.
🏠 A 12-month first post-contract can get treated the same as a permanent role.
Our loyal, hardworking and Expert team of Mortgage Advisors in Leeds have years of experience working in the industry, helping people with their mortgage situations. You’ll find there are many benefits to using a trusted Mortgage Broker in Leeds.
To find out your options, Get in Touch, and our team will take some details from you to determine whether or not you can get a mortgage suitable to your circumstances.