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Mortgages for Newly Qualified Teachers in Manchester

NQT Mortgage Advice in Manchester

Mortgage Broker in Manchester – Manchestermoneyman

Are you a NQT in Manchester?

Many schools now only offer Newly Qualified Teachers (NQT’s) a 12-month initial contract as standard. This can prove a problem for many Teachers if they want to buy a property because most of the High Street Mortgage Lenders will class them as a “Contract Worker” and as such will require you to have 12 months in the role. Here we look at how it might be possible to attain First-Time Buyer or Home Mover Mortgages for Newly Qualified Teachers.

Fortunately, some smaller Lenders are more sympathetic to this situation and will consider an application without the 12-month history. Some of the key things that can be considered are as follows:

  • No previous employment history required (so it’s fine if you have been studying up until now)
  • A 12-month first post-contract can be treated the same as a permanent role
  • Mortgages available up to one month before the start of the first contract (so you can apply in the August for example)
  • Up to 95% loan to value

If you are a newly qualified teacher and would like to discuss your mortgage options then please don’t hesitate to contact us as we have experience attaining Mortgages for Newly Qualified Teachers.

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Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is
authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

Manchestermoneyman, 3 Piccadilly Place, Manchester, M1 3BN.
0161 7133215

The Financial Conduct Authority does not regulate most buy to let mortgages.

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