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"specific purpose" employment contract - impact on mortgage eligibility?

  • 18-09-2018 10:05am
    #1
    ablelocks
    Registered Users, Registered Users 2 Posts: 4,783 ✭✭✭


    asking for a friend who has received an offer of a new role with a third level institution. He was told it was a permanent full-time role before applying, it didn't come up during the interview process.

    When he received the contract it says on the first page - temporary.
    The detail effectively says that the contract is specific purpose until and unless the (external) funding for the role is withdrawn or reduced.

    The hiring manager says this is a normal contract that it is in effect the same as getting a "permanent" contract.

    What is the implication though for switching mortgages with this type of employment contract - will banks accept this type of employment contract or reject a mortgage application (his partner is self-employed)?


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