If you\u2019re on a temporary contract, you\u2019re probably used to hearing how difficult it is to get a mortgage. Sure, an unconventional income can impact your choice of lenders and rates but does that mean that getting a mortgage on a fixed term is impossible?\r\n\r\nNo! In fact, a growing number of people in the UK with non-standard income are finding that, with the right advice, getting a mortgage on a fixed-term contract is easier than they thought.\r\n\r\nIn our guide to getting a mortgage with a fixed-term work contract, you\u2019ll learn what criteria lenders look for when assessing applicants in this form of employment, top tips to boost your chances of mortgage approval and more. Plus in our FAQ section, we field the questions we hear most often from customers who are employed in this capacity.\r\n<ul>\r\n \t<li><a href="#can-you">Can you get a mortgage on a fixed-term work contract?<\/a><\/li>\r\n \t<li><a href="#tips">Top tips before you apply<\/a><\/li>\r\n \t<li><a href="#getting">Getting a mortgage on a fixed-term employment contract<\/a><\/li>\r\n \t<li><a href="#lenders">Mortgage lenders who might accept fixed-term employment contracts<\/a><\/li>\r\n \t<li><a href="#expert">Speak to a mortgage expert<\/a><\/li>\r\n \t<li><a href="#faq">FAQs<\/a><\/li>\r\n<\/ul>\r\n[feefo-banner]\r\n<h2 id="can-you">Can you get a mortgage on a fixed-term work contract?<\/h2>\r\nYes. Getting a mortgage with a fixed-term contract can come with its difficulties and often this can put some prospective homeowners off. But worries about whether a fixed-term contract will affect your<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/"> mortgage application<\/a> shouldn\u2019t stop you from pursuing a purchase.\r\n\r\nSpeaking to a mortgage broker can help to answer any concerns regarding your<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/deposits\/"> deposit size<\/a>, Loan to value ratio and choice of lenders.\r\n\r\nLots of freelance or temporary workers also share worries about their<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/how-to-get-a-mortgage-with-bad-credit\/"> credit history<\/a> and the impact that it could have on an already temperamental application.\r\n\r\nWhilst it\u2019s true that multiple \u2018issues\u2019 on an application can reduce your overall choice of lenders, it may be possible for a trained mortgage broker to find you a provider who is happy to lend to you, subject to you passing their eligibility criteria.\r\n<h2 id="tips">Top tips before you apply<\/h2>\r\nApplying for a mortgage is a huge decision that could affect your future finances, so always ask a professional for their opinion before you proceed.\r\n\r\nFollow our top tips below if you\u2019re considering applying for a mortgage when on a fixed-term contract\u2026.\r\n<h3>Do your research<\/h3>\r\nNavigating your way through hundreds of lenders is time-consuming but it is necessary if you want to find the best deal based on your circumstances. Every lender offers varying terms, conditions and rates and each of these factors could significantly affect your ability to get approval for a fixed-term contract mortgage.\r\n\r\nA lot of people simply don\u2019t have the time or the lender knowledge to source and compare numerous lenders but there is an easier way.\r\n\r\nIn fact, a mortgage broker can do this all for you. The brokers we choose to work with have access to a database with rate tables as well as all of the other relevant lender information. Using this as well as their experience of mortgages, they can quickly determine which lenders are worth your time and which ones it may be best to avoid.\r\n<h3>Avoid applying to multiple lenders<\/h3>\r\nIf you are looking for a mortgage with a fixed-term employment contract, you might find it a little more difficult to gain approval and so it can be tempting to apply again to another bank or lender. But that would be a mistake, especially if you were to apply again within a short period of time.\r\n\r\nWhen lenders assess your eligibility for a mortgage, they will look at factors such as your<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/"> affordability<\/a> and credit history to determine what kind of borrower you are. If you have a history of mismanaging money or applying for multiple sources of credit, this can make you a less appealing borrower.\r\n\r\nIn the event that you are rejected for a mortgage, don\u2019t make a rash decision to apply to another lender - too many hard searches on your credit file could jeopardise future credit applications. A mortgage broker can assess your situation and advise you on the best steps to take and introduce you to the right lender for the first time.\r\n<h2 id="getting">Getting a mortgage on a fixed-term employment contract<\/h2>\r\nSome lenders can be cautious when it comes to providing mortgages to borrowers with fixed-term employment contracts as this type of employment is less predictable. The nature of this employment can leave some lenders with concerns about how a borrower will pay their mortgage in the event that their contract ends and they can\u2019t find additional work.\r\n\r\nThat being said, there are some things that you could do to limit the risk of a<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/refused-for-a-mortgage\/"> mortgage rejection<\/a> if you are applying with a fixed-term employment contract...\r\n<ul>\r\n \t<li>Provide the lender with a history of relevant employment contracts. This will evidence that you have been able to source work consistently.<\/li>\r\n \t<li>Ensure your accounts are up to date and correct. Errors with your accounts can cause serious delays and could affect the likelihood that you\u2019ll be approved.<\/li>\r\n \t<li>Present the lender with a copy of the employment contract. Some lenders prefer contacts with minimum employment of six months although this can vary. Lenders tend to require a minimum fixed term contract history, or at least evidence of being employed in the same\/similar sector, along with a minimum time remaining on the current contract. All lenders have different rules around this, however. An employment contract can show that your work is stable until the near future and can also provide further evidence of your income.<\/li>\r\n<\/ul>\r\n<h2 id="lenders">Mortgage lenders who might accept fixed-term employment contracts<\/h2>\r\nThe appetite to lend to borrowers with fixed-term employment contracts can vary between lenders but working with a broker can help to identify which ones are more likely to approve your mortgage.\r\n\r\nThe brokers we work with have successfully arranged mortgages for fixed-term contract workers with the following lenders...\r\n<ul>\r\n \t<li>Halifax<\/li>\r\n \t<li>Nationwide<\/li>\r\n \t<li>Barclays<\/li>\r\n \t<li>HSBC<\/li>\r\n \t<li>Santander<\/li>\r\n \t<li>Natwest<\/li>\r\n \t<li>Coventry<\/li>\r\n \t<li>First Direct<\/li>\r\n \t<li>Virgin<\/li>\r\n \t<li>Lloyds<\/li>\r\n \t<li>Leeds Building Society<\/li>\r\n \t<li>Yorkshire Building Society<\/li>\r\n \t<li>RBS<\/li>\r\n<\/ul>\r\n<h2 id="expert">Speak to a mortgage expert<\/h2>\r\nMortgages can be a lot to take in and can often leave borrowers with lots of questions. There are so many factors that could affect your chances of getting a mortgage while on a fixed-term contract so for the right advice, speak to an expert with specialist knowledge and experience in this matter.\r\n\r\nWe offer a free broker-matching service that can pair you with an advisor based on your needs and circumstances. If, for example, you\u2019re on a fixed-term work contract, our service will introduce you to a broker who helps people who are employed in this capacity every day.\r\n\r\nCall 0808 189 2301 or<a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/income-types-advice"> make an online enquiry<\/a> and one of the specialists we work with can talk you through the process of getting a mortgage with a fixed-term employment contract.\r\n<h2 id="faq">FAQs<\/h2>\r\nGot a question about getting a mortgage while on a fixed-term employment contract? Take a look through our FAQ section below to find out whether we\u2019ve covered it.\r\n<h3>Can you remortgage on a fixed-term contract?<\/h3>\r\nYour current lender should usually be your first port of call when you are considering<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/remortgages\/remortgage-guide\/"> remortgaging<\/a> although working with a broker can help to compare the various other deals that may be available.\r\n\r\nThis can be especially helpful if your employment status has changed and you are now on a fixed-term work contract.\r\n\r\nA change in income can significantly affect your choice of remortgage lenders as some may determine that your type of employment is too risky or that your average income is now lower,<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/income-types\/low-income\/"> low-income mortgages<\/a> are available but it's best to speak to a broker who will be able to approach the best lender for your circumstances and affordability.\r\n\r\nIf you want to remortgage whilst on a fixed-term contract it can be helpful to know that there may be a number of options available based on your circumstances. Before applying to any lender, speak to a broker, be aware of any associated costs and then take the time to carefully consider the pros and cons of each choice.\r\n<h3>Can a guarantor help me get a mortgage on a fixed-term work contract?<\/h3>\r\nIn some cases, it may be beneficial to have a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/guarantor-mortgages\/">guarantor on your mortgage application<\/a>, especially if you are finding it difficult to find a lender who will accept your employment status.\r\n\r\nThat being said, some lenders require the guarantor to afford the whole of the loan, with a select few just requiring the guarantor to afford the shortfall and because of this, many lenders also require that your guarantor is a relative.\r\n<h3>Are the rules around fixed-term contracts and mortgages any different in Ireland?<\/h3>\r\nIt depends on which part of Ireland you\u2019re based in. Your location, as well as the location of your property, can affect your ability to find a lender who is willing to accept applicants on fixed-term contracts. In some rural areas where there may be a refined choice of lenders, it can be more tasking to find one that specialises in such a niche area.