Mortgage advice please - short term contract vs salary

[SnackSizeRaisin]

Hello, just wondering if anyone can advise. It's so difficult to get through to the bank at the moment.

Looking to buy a house with my partner. Houses we like are about £250,000 in our area. We are first time buyers and have 100,000 saved up.

The online calculator says the bank will lend only 100,000 which is estimated to be £550 per month to pay off over 25 years. We are paying a lot more than that in rent currently and have plenty of spare money. Our combined income from our PAYE jobs is £30,000 so they seem to only want to lend just over 3 times our combined income even though we have a decent deposit.

I would just like a bit of advice over how we can increase the amount they will lend. I have only a short term contract and work 2 days a week - I also work self employed and do some ad hoc consulting stuff but due to recent career change this doesn't really show up well on paper yet. I can get a better paid permanent job easily though, if necessary. I am wondering how much of an issue my short term contract is, or is the actual amount earned more important? Partner has a permanent contract. Thanks.

I would phone a whole market fee free mortgage broker like London and Country.

They will know what’s out there. Things are changing fast, as lenders are getting more risk adverse.

As previous poster said. I’d try a broker.

But what calculator are you using? 100k over 25 years for £550 must be a pretty high interest rate?

The calculator was the one that popped up on rightmove. It said 2.5% interest I think

Ignore rightmove, try looking at the banks directly.