There are no more options than ever now with deposits, including no deposit it at all! The simplicity to it is that the bigger the deposit you have, the better the rate you get! It is vitally important to understand all options on the table, which can include keeping some deposit back to help pay for fee’s or even household goods! I will go through all your options and ensure that the overall conclusion is you have enough to put down to buy the property and the monthly mortgage is affordable.

Predominantly most lenders will look to use your return to work income. It is important to get a letter from work that outlines what your return to work date and salary will be. I will go through what future childcare costs look like to ensure all of these factors have been throughout and factored in.

Lenders will mostly look at the length of the probation period, what type of contract you are on and also job security. Lenders can still lend on depending on those factors.

Most lenders will always prefer a permanent contract as it brings security to your employment. However, lenders can still lend if you are in a fixed term contract or even a zero hours contract. Each lenders criteria changes, but the golden rule is that if you have been in the contract for 12 months or more you should be okay. There are a multitude of different options that I can go through with you to give you as many options as possible if you fell outside of the ‘normal’ criteria.

ot having indefinite leave to remain does not rule you out of getting a mortgage. Lenders criteria fits around how long you have been in the UK, how long you have left on your visa, your employment status/income and your credit history.

Each lender has different criteria on what they will take, but there are plenty of lenders that can use benefit income. Most want it to be a supplementary income rather than main income.

The answer is yes, however would that be your best option? I can look through all available options to you including taking your existing mortgage across to the new property (Porting) and not paying the exit fee. But also looking at what things could look like if it could make financial sense by paying the exit fee. It may well be that another lender could lend you a considerable amount more and have better rates. Most people think they only have one option, when in reality they may have more than they think.