Mortgage possibility?

[creativeusername]

Hi, we were planning to move in 2 years or so, but the perfect house in the perfect area has gone up for sale. It would only be £180 a month more than we are paying now which we could afford comfortably as I am going back to work full time in December (teacher - currently 2 days per week) and the new area is nearer my mum, so she could have the children 1 day a week so nursery would be cheaper.

However, would the mortgage company give us a mortgage based on future affordability. We can't reduce nursery fees without moving, but worried that we can't move without reducing the nursery fees! I will not be able to provide 3 months pay slips at full time pay either.

Anybody knowledgeable where mortgages are concerned?

No you won't get a mortgage based on future earnings because these are unpredictable. Is waiting another couple of months an option?

It is, it's just not ideal as DS starts school in September and we need to apply for his place by the 15th January. Looks like we will have to wait and hope that the local school has places available when we are in a position to move!

I would ask the mortgage advisor. I got a mortgage a few years ago whilst on mat leave based on my future return to work salary and associated costs. I needed a letter from employer to verify future salary. I would ask.