Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Can zero hour contract affect remortgaging?

2 replies

covidnurse · 30/09/2022 09:22

We're due to remortgage soon but I'm considering going to zero hour contract. Can this affect our remortgage?

OP posts:
Jmaho · 30/09/2022 09:30

Yes it will. Some lenders will accept zero hours but they will want to see good evidence of income so you will struggle if it's a new job. It's just too risky for a lender to lend based on a zero hour contract as how will you pay the mortgage if you get very few hours some weeks?
I have approved lending before on a zero hour contract but will two years P60s showing stable pay

GiltEdges · 30/09/2022 09:32

Yes, it’s likely to affect your re-mortgage. The income isn’t guaranteed, so there are some lenders who won’t even count it.

New posts on this thread. Refresh page