Congratulations are in order! You have passed all of the required exams and have successfully reached your career goal of becoming a Newly Qualified Teacher. The next step is for you to find yourself a job within the classroom, making use of your teacher qualifications!
You may find that you’re in a particular circumstance that puts you in need of starting to look at your options for Moving House in Leicester, if say you are currently living in a property a bit further away than the opportunity you have been given.
Soon enough you will be on the hunt for a place to move, struggling to balance homeownership and trying to make sure that you’re comfortable in your newfound teaching role.
This is not something that you are alone with though, as we have helped a lot of customers over the years who are under an equal amount of stress, needing help with their mortgage whilst they focus on their career.
It may be quite difficult trying to find a mortgage lender who will want to offer a mortgage to a teacher who is newly qualified.
The main reasons for this will either be due to the fact that there is no work history or because they will be on a temporary contract.
Even with this in mind, it is not impossible to find a mortgage for a Newly Qualified Teacher, which is something that our team of dedicated Mortgage Advisors in Leicester have helped a great deal with in our lifespan as a mortgage broker.
From time to time, there will be some mortgage lenders who may have preferrable deals on offer to people who are working within this particular work sector.
The key to success is finding the best mortgage lender to go with, which can often be the most difficult part of that process.
It is here where our experienced mortgage advice team in Leicester can sit and take a look through thousands of mortgage deals, doing everything they can to find the perfect one for your circumstances, with favourable rates.
It’s important to remember that whilst it can be difficult, you are not completely restricted in the options that are available to you.
That being said, here are some of the more common mortgage types that we find are available to Newly Qualified Teachers:
The lender may take a few different factors into consideration too. There are mortgage lenders who do not need to see previous employment, as well as letting you have access to up to a 95% loan-to-value.
Depending, a 12-month first contract may be recognised as the same as a permanent job role, as opposed to being recognised as a temporary one.
Lastly, there may be some lenders out there who are willing to start the mortgage process prior to your start date, so long as you can provide evidence of a signed contract and a start date.
This can be helpful, as you may find that you are ready to start making your first mortgage payments with first months pay from your new job by the time that the mortgage has completed.
Our trusted team of hardworking and loyal mortgage advice experts in Leicester have a wealth of experience working within the mortgage industry, helping various home buyers with their mortgage situations.
You’ll find there are a lot of benefits to using a Mortgage Broker in Leicester. We will take the weight off your shoulders, search thousands of deals of your behalf, recommend conveyancing solicitors and so much more.
To take a look at all of the mortgage options available to you, use our online form and book yourself in for a free mortgage appointment with a dedicated mortgage advisor in Leicester, who will take some information from you and let you know what your next step will be.