06/06/2022
It's that time of year when we get 2 questions:
Q: I'm starting a bursary in September, can I use that income for a mortgage?
A: Yes, you can potentially. Usually you need the first payment to have gone into your account before the full application goes in.
However, we can do the mortgage in principle beforehand, more info here: https://teacher-mortgage.com/trainee-teacher-mortgage/
Q: I have a job lined up for September, when can I use this income for a mortgage?
A: We can use income for September teaching positions up to 5 months before the start of the academic year. More info here: https://teacher-mortgage.com/nqt-mortgage/
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The definitive guide to getting a Trainee Teacher mortgage. Everything you need to know, all in one place. Borrow up to 5 times your income.