P
I am a researcher (31) with 6 years continuous post PhD employment in various institutions, current contract has 2 years to run on 44k in UCC.
GF is trainee accountant (25), one year left, currently on 24k.
Thanks.
I figured the contract thing might be an issue. The way I view it, I'm almost more secure than a lot of people. The money for my entire contract's duration is in an account at the University already waiting to pay me for certain. Tons of people in industry with seemingly secure jobs could easily face redundancy or whatever else in the coming 2 years and yet they have a better shot.
Hey Peter, I agree with the comments so so although I have to say that even so called desirable mortgage customers are up for a potential set back in today's climate. I have dealt with GP's with 50% deposits and plenty of income to be within the 3x multiple who are being declined by the majority of lenders. The issue is with them being Partners in a practice - if the have moved to a new practice and have no certified accounts, lenders don't want to know as they are treated the same as any other self employed person setting up a new business!. There are of course the exceptions and a few lenders favour doctors but I know of only three who would look at a scenario like this.
Thanks for all the replies. It seems like putting up every penny we have for the deposit and then hitting the plastic for furniture etc might be necessary. In fact when all is said and done having 10k less of a mortgage might work out with us paying less interest in the long run than having the furniture on the credit card for a few months?
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