Apprentices can get mortgages, but there are some challenges to consider when applying.

An apprenticeship is a real job, just like any other. And this means that there are no separate rules for apprentices looking to get a mortgage. Lenders will assess your income, credit score, and deposit size when considering your application.

Apprenticeships usually are offered on fixed term contracts, which is now more widely accepted by lenders.

Speak to Fuse Financial if you have any concerns about your income or employment status as an apprentice if you want to apply for a mortgage.

http://www.employinganapprentice.com

Yes, it is possible for seasonal workers to get a mortgage, but it can be more challenging due to fluctuating income. Lenders typically assess your financial stability by looking at your income history over the past two to three years. Factors that can strengthen your application include:

• Consistent income history: Providing payslips, tax returns, or bank statements that show stable earnings over time.
• Good credit score: Demonstrating responsible credit management.
• Low debt-to-income ratio: Keeping your debts manageable compared to your earnings.

Yes, in most cases you will have to pay stamp duty on a second property in England and Northern Ireland.

As of 2025, you’ll usually have to pay an extra 5% on top of the normal stamp duty rates if you’re buying a second home or a buy-to-let property. This means that the stamp duty rates for second properties are higher than those for first-time buyers or people moving home.

However, there are some circumstances where you might not have to pay the extra stamp duty. For example, if you’re buying a property for less than £40,000, or if you’re replacing your main residence. It’s always best to check with a solicitor or financial advisor to find out exactly how much stamp duty you’ll have to pay.

A Joint Borrower Sole Proprietor (JBSP)

This is a type of mortgage where multiple people share responsibility for repayments, but only one person is the legal owner of the property. It allows you to boost your borrowing power by adding up to three additional people’s incomes to your mortgage application.

Here are some key features to consider:

• Shared responsibility: All borrowers are jointly liable for the mortgage payments.
• Higher borrowing capacity: Lenders consider the combined income of all applicants, which can increase the amount you can borrow.
• Legal ownership: Only the sole proprietor has legal claim over the property and any increase in its value.
• Flexibility: JBSP mortgages can be used by first-time buyers, those re-mortgaging, or purchasing a new property.

This type of mortgage is particularly helpful for buyers who need financial support or for families looking to help get their family members on the property market without taking ownership.