Absolutely desperate: anyone here ever lied on their mortgage application?

[bibby2001]

I have basically been told that neither of my jobs will be conisdered as income because one is zero hours and the other is fixed term.

I make probably around 26,500 a year, so plenty for a mortgage.

The zero hours contract alone makes up 16,000 of that, so what's the harm in sending the bank an altered contract to say that I am employed permanently and part-time? I am consistently working these hours and there is no risk of them disappearing.

I have started the process of pleading with my employer to change my zero hours to a proper contract but I'm unsure of how fruitful this will be.

there is no risk of them disappearing.

The very nature of a zero hours contract is that there is a risk.

You can't get a mortgage under these conditions.

Your salary (in Ireland) wouldn't get you a mortgage, regardless but I accept it may be different if you are in some parts of the UK.

Sometimes I don't agree with the rules. I do in this case.

Sort out your employment contract or get another job.

Don't they check this stuff? I've heard they call employers to ensure things are as stated.

I got a mortgage on a fixed term contract but it was years ago. It was through a mortgage broker. I think I had only weeks of the contract left at the time.

Really just don't do.

If you lie, you are obtaining a loan by deception. i.e. fraud.

You would lose the house and get a criminal record. Probably a min of a suspended sentence.

No OP, don't lie.

Lying isn't a good idea at the best of times.

In this case you could end up in jail.

Just don't.

Speak to your employers, speak to a mortgage broker about your options.

Don’t lie OP. I understand it’s frustrating but believe me when I say, it won’t end well if you lie!!!

(I work in the field)

Apply for permanent roles

Another one who works in this field… you really, really don’t want to do this.

Try another mortgage broker.

Hundreds of thousands of people since mortgages began have lied to get started. As long as you intend to keep to the payments and there is zero chance of them asking it to be confirmed…

No, don’t lie-that’s a crazy idea. I thought it was common knowledge that a mortgage on a zero hours contract is a no go.

Oh damn thats kinda sneaky...i might do that. Tell me more please? Which bank

@Capricornandproud

Hundreds of thousands of people since mortgages began have lied to get started. As long as you intend to keep to the payments and there is zero chance of them asking it to be confirmed…

😮😳🙄

Really don’t listen to this as advice OP. 🤦‍♀️🤦‍♀️🤦‍♀️

No no no no no.....how long have you been doing the zero hours.As long as its 12 months or more a broker should be able to find you a mortgage company that will accept that. Fixed term depends again on how long you have been doing it and what length is on your current contract.

@Hopeisallineed

I think that’s called fraud.

You’d be correct!

@bibby2001

Oh damn thats kinda sneaky...i might do that. Tell me more please? Which bank

🤨 are you for real? Fraud is a serious criminal offence. You might want to look it up.

As long as you intend to keep to the payments

Sure, doesn't everyone? This was exactly the situation many people found themselves in at the time of the last recession. Never thought they'd lose their jobs, or have salary cuts. Mortgage unaffordable. You can't predict everything but you can manage risk. OP is waay too risky.

and there is zero chance of them asking it to be confirmed…

All I can say - as someone trying very hard to take out a mortgage over several years, to take over the marital home since separation - they ask. A lot of asking & confirmation.

In Ireland but surely it's not that different?

I work for a high street bank and we do give mortgages to people on zero hours as long as they can prove they have been doing it for more than 12 months at the consistent income level they want to use in the application. If you haven't then no it's not going to happen.

A good mortgage broker should be able to find a lender, especially if your Aunt would agree to guarantee the loan.

Do not, however lie. DO NOT GO DOWN THIS ROUTE.

The consequences could be life changing in terms of a criminal record and a credit rating utterly destroyed.

Your choices are to ask your Aunt or seek a permanent role.

I'd also say that your salary is actually on the low side for a mortgage unless you have a significant deposit.

Our payroll department constantly have to confirm if employees have a permanent contract as part of references for renting never mind a mortgage. Don’t lie not only will you fail the mortgage application your employer is not likely to be impressed if you ask them to lie for you.

EVERYONE “intends to keep to the payments”. Just get another job, keep adding to your deposit and you can get a mortgage next year when prices have stabilised. If you can buy now, you can buy in the future.

My zero hour contract job wasn’t a problem when I applied in 2019 for a mortgage, I just had to provide 12 months of wage slips to show consistent income, got approved a mortgage with Nationwide but there were other lenders with similar criteria.

No idea if a lot of lenders have changed post pandemic though. I’d advise seeing a broker

You shouldn't lie and definitely shouldn't alter documents, that could leave you in seriously hot water if it comes out. However I don't actually remember been asked for my employment contract, just 3 months of bank statements (showing pay) and p60.

Could you book an appointment with a mortgage broker, and turn up with all the other evidence, but not your contract. Chances are they'll just process it with what they have, to save getting you back in. Obviously if they ask what you're contract type is you would have to be honest, but otherwise just say "I've been working here for x years, and get paid y".

Try Handelsbanken. They can make local decisions.