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Mortgage Advice in Sheffield for Newly Qualified Teachers

Newly Qualified Teacher Mortgage Advice in Sheffield

Once you have passed the necessary exams and have achieved your goal of becoming a newly qualified teacher, it’s time to find yourself a teaching position and get started in the classroom. You may find though, that if you aren’t close enough to that particular school, you may need to look at Moving House in Sheffield.

What is about to follow, is a stressful stretch of time that may feel, even if only a month or so, like it goes on forever. You’ll be looking for a place to move and balancing the struggle of homeownership whilst getting comfortable in your newfound role as a teacher. You are not alone in this situation though, as we have helped many customers with this in the past.

Mortgages for NQTs

You may find it difficult trying to find a Lender willing to offer a mortgage to newly qualified teachers. This is because of reasons such as having no work history, or being on a temporary contract. Even though this is the case, do not worry, as it is still possible to obtain a mortgage as a newly qualified teacher.

On occasion, some lenders will offer reasonable and deals with those working in this particular sector. The key to this is finding the right lender, which is usually the hard part; this is where our dedicated mortgage advice team in Sheffield can help search thousands of deals to find you the most appropriate mortgage deals and rates.

What mortgages for NQT teachers are there?

The different types of mortgage available for NQTs can include:

Here are some of the critical things that can get considered:

  • No previous employment history required.
  • 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.
  • A 12-month first post-contract can get treated the same as a permanent role.

How a Mortgage Advisor in Sheffield Can Help

Our loyal, hardworking and experienced Mortgage Advisors in Sheffield know lending criteria like the back of their hand; they have years of experience in helping people with their mortgage situations. You’ll find there are many benefits to using a trusted Mortgage Broker in Sheffield.

To find out your options, Get in Touch and our team will take some details from you, to find out whether or not you can get a mortgage suitable to your personal circumstances.

Sheffieldmoneyman.com & Sheffieldmoneyman 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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