Mortgage Advice in Manchester for NQT’s

Congratulations you have recently passed your exams and are now a newly qualified teacher, you have found the perfect teaching position and cannot wait to get started in the classroom. However, it requires you to relocate to Manchester.

You are now in that stressful yet thrilling time where you are searching for a place to move and balancing the struggle of homeownership whilst starting your new role. Rest assured; we can stay in confidence that you are not the only individual to be in this situation.

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Mortgages for NQTs

It can be a challenge to find a lender willing to offer a mortgage to newly qualified teachers, the reasons being having no work history or having temporary contracts. But do not panic despite all this. It is possible to get a mortgage as a newly qualified teacher.

Some Lenders can lend, even some who will offer reasonable and deal with those working in the education sector. However, it is about finding the correct Lender, which can be a daunting task; this is where our Advisors in Manchester can help search thousands of deals to find you the best deals and rates tailored to your circumstances.

What mortgages for NQT teachers are there?

  • The different types of mortgage available for NQTs can include:
  • Shared ownership.
  • Variable-rate mortgages.
  • Fixed-rate mortgages.

The benefits of using our friendly Mortgage Broker in Manchester. Here are some of the critical things that can be considered:

  • No previous employment history required.
  • A 12-month first post-contract can be treated the same as a permanent role.
  • Mortgages are available up to one month before the start of the first contract (so you can apply in August for example).
  • Up to 95% loan to value.

How We Can Help in Manchester

Our experienced mortgage advisors in Manchester know the Lending criteria inside and out; they have years of experience in helping people with their mortgage situations and try their best. 

To find out your mortgage options as a newly qualified teacher in Manchester, contact us now and our team will take some details from you. Then we will find out what your options are and whether you can get a mortgage suitable to your circumstances.

Date Last Edited: November 6, 2024