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Mortgage Advice in Doncaster for Newly Qualified Teachers

Newly Qualified Teacher Mortgage Advice in Doncaster

Firstly, Congratulations! You have passed all of the necessary exams and are now a newly qualified teacher. Now all you have to do is find a teaching position and start gaining some teaching experience.

For some, to be closer to that job, you may be required to look at relocating to Doncaster. If you already own your own home, you may benefit from the help of a mortgage broker in Doncaster.

We have dealt with many customers who feel stressed trying to balance the strain of homeownership whilst settling down within your newfound role in teaching.

Hopefully, with the help of a mortgage advisor in Doncaster, your process will go a lot smoother and quicker, reducing your stress levels.

Newly Qualified Teacher Mortgages

The challenging part is finding a lender willing to offer a mortgage to newly qualified teachers. Mian reason being NQT having little to no work history or being on a temporary contract.

The good news is, some lenders may even offer good deals with those working within the teaching industry from time to time and always a good idea to go to a mortgage broker. For instance, with the help of a mortgage broker in Doncaster, they can search thousands of deals and match your situation to the right lender’s criteria.

What sort of mortgages for NQT teachers is available?

The different types of mortgage available for newly qualified teachers commonly include:

Here are some things that lenders may consider during your process:

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

How a Mortgage Advisor in Doncaster May Help

Our team of mortgage advisors in Doncaster have much experience working throughout this industry, helping various people with similar situations such as yourself. 

Most importantly, there are lots of benefits to home buyers using a trusted first time buyer mortgage broker in Doncaster.

For more information get in touch, and we can book you in for a free mortgage consultation. From there, we take some details from you to determine whether or not you have a chance of obtaining a mortgage suitable to your circumstances.

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