I'm about to start a new job as a degree apprentice later this year. I'll be moving to a new area where the house prices are considerably cheaper to where I'm now so thought it may be worth considering the option of buying rather than continuing to rent.
I'll be earning a Salary of £18,500 and contracted for the next 3 years.
I've done a few online mortgages calculators and based on my salary alone I should be able to borrow around £70-£80 thousand.
My two main concerns are that my job is only contracted for the next for 3 years, so is not technically permanent and also the fact that as a degree apprentice I will be completing a degree along side work and may be considered a student (I realise banks/ building society's wouldn't usually lend to students).
My degree is sponsored by work so I won't have any student loans or tuition fees to pay. I'm also salaried so won't be relying on a maintence loan like other students.
Do you think I banks and building societies would be happy to lend me money? Or am I going to have trouble?
Read more: Can I get a mortgage as a Degree apprentice? - 1
