Newly Qualified Teacher Mortgage Advice in Nottingham

Congratulations are in order! The hard work has paid off and you have recently passed your exams, becoming a newly qualified teacher.

From here you have found yourself a teaching position and are understandably very excited to get started in the classroom. The catch here, is that this start to your career also requires you to move to Nottingham.

Times are now equal parts exciting and stressful for you, as you now begin struggling to balance owning your own home s well as starting your brand new job role. Worry not, you are definitely not the only one to have been in this situation.

Mortgages for NQTs

Finding a lender that is actually willing to offer a mortgage to someone who has become a newly qualified teacher can be a bit tricky. This comes down to a lack of work history or having temporary contracts, to name a few reasons.

Even still, it’s important to remember that with some care from a mortgage advisor in Nottingham searching for the right lender, you may still be able to obtain a mortgage.

There are indeed lenders out there who will lend to someone who is newly qualified, with some even potentially offering reasonable deals to those working within the education sector.

The tricky part is trying to navigate around the various mortgage lenders and finding one that you match up with the criteria of.

This is the benefit of working with a trusted team of mortgage advisors in Nottingham who will be able to search over thousands of deals on your behalf. It’s our hope that in doing so, we’ll open you up to better deals and rates.

What mortgages for NQT teachers are there?

The different types of mortgage available for NQTs can include:

The benefits of speaking with a fast and friendly mortgage broker in Nottingham.

Here are some of the critical factors that can be taken into consideration:

  • No previous employment history required.
  • A 12-month first post-contract can get 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

How a Mortgage Advisor in Nottingham Can Help

Our experienced mortgage advisors in Nottingham are extremely familiar with the workings of various lending criteria, utilising their many years of experience to help our customers with their mortgage circumstances.

Get in touch with us today to see what options you have available to you. Our dedicated team will take some details from you, using this information to work hard and see if we can get a mortgage suitable to your individual circumstances.

Date Last Edited: February 19, 2024