Mortgage without a permanent contract - Everything you need to know and how to arrange it

Can you get a mortgage without a permanent contract?

Yes, you can! Even without a permanent contract it is possible to get a mortgage. Lenders are increasingly looking at your financial situation rather than just a permanent contract. This is good news for starters with a temporary contract, flexible contract or as a self-employed person.

When applying for a mortgage, the lender pays attention:

• Your current income
• What you have earned over the past few years
• The possibilities for your future income

With documents such as an employer's statement, a perspective statement or financial reports, you can show that you can pay your monthly expenses. Many banks have become more flexible, especially if you put in your own savings or opt for the National Mortgage Guarantee (NHG).

Getting a mortgage with a temporary contract

you can get a mortgage even with a temporary contract! Many people think that only a permanent contract counts, but lenders today look mainly at your financial situation and income security. Can you prove that you can afford your mortgage payments? Then a mortgage is definitely possible. Consider documents such as an employer's statement or letter of intent.

What is an employer statement and letter of intent?

An employer's statement shows what your current contract and income are. In it, your employer can also indicate if they plan to convert your temporary contract to a permanent one. This is called a letter of intent. Lenders see this as a strong signal of income security and trust that you will earn enough to pay your mortgage in the future.

Tip: Ask your employer to fill out the letter of intent completely and without errors. An incomplete statement can cause delays in your mortgage application.

Helpful tips for starters

Want to improve your chances of getting a mortgage with a temporary contract? Follow these practical steps:

• Request a letter of intent. Discuss with your employer the possibility of converting your temporary contract to a permanent one in the future.
• Collect your financial documents. Consider pay stubs, annual statements and an employer's statement. This shows you are employed and your income is stable.
• Keep your expenses in balance. A clear financial situation strengthens your mortgage application.

Suppose you have been working at the same company on a temporary contract for three years. Your employer indicates that they plan to extend your contract to permanent employment. Along with your recent pay stubs and a positive employer's statement, you have a good chance of getting a mortgage.

Getting a mortgage as a flex worker

You can also get a mortgage as a flex worker! Nowadays, many lenders accept a perspective statement as proof of your income security. Do you work through a temporary agency, in flexible employment or through a payroll construction? Then you can prove with the right documents that you can bear your mortgage expenses.

Tip: Compare offers from a number of lenders. Not all banks have the same terms for flex workers, so it pays to research where you have the best odds.

payroll construction works

The role of the perspective statement for a flex worker

You request a perspective statement from your employment agency. This official document shows that you have sufficient chance of a stable income in the future. Lenders use this as a sign of security and confidence to accept your mortgage application. The perspective statement is suitable for:

• Flex workers who have been working through the same employment agency for at least one year
• Workers without a permanent contract, but with a stable work history

How do you apply for a perspective statement?

Applying for a perspective statement is easy if you follow these steps:

1. Contact your employment agency and ask about the conditions.
2. Collect recent documents such as your pay stubs and employment contract.
3. The employment agency will assess your employment history and chances of stable income.
4. If your statement is approved, you can use it in your mortgage application.

Suppose you have been working through the same temp agency for two years and have a stable work history. You apply for a perspective statement and submit it to the bank along with your pay stubs. Thanks to these documents, you show that you have income security, making your mortgage application more likely to succeed.

Getting a mortgage with a 0-hour contract

Yes, you can apply for a mortgage even with a 0-hour contract! Although this contract offers less security than permanent employment, lenders are increasingly looking at your income history and the stability of your working hours. Can you demonstrate that you earn sufficiently and regularly? Then a mortgage is definitely possible.

The most important thing is that you can prove your income for the past few months and that your employer fills out a clear employer statement for on-call workers.

Proving income with a 0-hour contract

Lenders will evaluate your application based on:

• Your average income over the past 12 months. This shows how much you earn on average and whether this is enough to meet your mortgage expenses.
• An employer's statement listing your hours worked. In it your employer indicates how many hours you work on average and whether there is structural work. This helps the lender get a better picture of your situation.

Tip: Make sure your income is stable in the months leading up to your mortgage application. This will make your application stronger and more convincing.

Suppose you have worked an average of 32 hours per week for the past 12 months and received a steady income. Your employer fills out an employer's statement confirming your hours worked and regularity. With this information, you can show that you earn enough to pay your monthly mortgage payments.

Getting a mortgage with benefits

Yes, you can apply for a mortgage even with benefits! Lenders today look not only at a fixed contract, but also at the stability of your income. If you can prove that your benefits are sufficient and stable, and provide any additional security with savings or additional income, you will definitely stand a chance of getting a mortgage.

Which benefits count?

Not all benefits are included by lenders. The following stable benefits often count when applying for a mortgage:

• An unemployment benefit only counts if you supplement it with other income or savings.
• A WIA benefit is appropriate if you can show that it is structural and stable.
• A WAO benefit is accepted if it is permanent income.
• An AOW or pension can count, if you can back it up stably.

Conditions and restrictions on benefits

To apply for a mortgage with benefits, you must meet certain requirements. These tips will help you make your application stronger:

1. Your benefit must constitute a stable income. Lenders will only accept benefits that are sufficiently high and structural. With temporary benefits, such as unemployment benefits, you need additional collateral to make your application stronger.
2. Providing additional security can increase your chances of getting a mortgage. Consider savings, home equity or a partner who has additional and stable income.
3. Documentation is essential to support your application. Lenders often ask for a UWV insurance notice so they can verify the stability and amount of your benefits.

Suppose you receive WIA benefits and also have savings with which you can finance part of the house. With this combination, you can show that you can carry your mortgage payments, giving the bank more confidence in your application.

Tips to get mortgage without a permanent contract

Applying for a mortgage without a permanent contract may seem difficult, but with the right preparation, you can significantly improve your chances. Lenders look primarily at your financial stability and income security. With these smart steps, you can show that you are a reliable candidate, even without a permanent contract.

1. Apply for an employer statement or perspective statement

Are you working on a temporary contract or as a flex worker? Then request an employer's statement or perspective statement.

• An employer's statement shows current form of your contract. This lists your income and hours worked. Also, ask your employer to include a letter of intent, stating that there is a chance of a permanent contract. This provides additional assurance to the lender.
• Do you work through a temporary employment agency? Then the temp agency may issue a perspective statement. This document confirms that your employment opportunities are sufficient to maintain a stable income. The perspective statement foundation guarantees the assessment of your employment history and future opportunities. This gives lenders confidence that you can carry your mortgage payments.

2. Demonstrate your average and current income

Lenders want to see that you can afford the mortgage payments now and in the future. Therefore, demonstrate your current income as well as your average gross annual income over the past months or years. Therefore, collect proof of your income:

• Provide recent pay stubs (from the last 3 months)
• Provide your annual statements to show your income history.
• For self-employed people, use your profit and loss statements to calculate your average income over the past few years.

Tip: Make sure your income is stable as much as possible in the period leading up to your mortgage application. This will strengthen your position.

3. Save for a higher deductible

The more of your own money you put in, the less risk you pose to lenders. This reduces the loan amount and increases your chances of getting a mortgage. You demonstrate a lower risk to lenders by:

• By setting aside extra money, which makes your application stronger
• Using savings as a buffer to mitigate any risks to the lender.

4. Take advantage of National Mortgage Guarantee (NHG).

The National Mortgage Guarantee (NHG) offers both you and the lender additional security. NHG covers the risk if circumstances prevent you from paying your mortgage payments, such as disability or unemployment.

• By using NHG, you demonstrate that you are making a conscious choice to be financially secure.
• With NHG, your mortgage application is more likely to be approved.

Did you know? With NHG, your application is more likely to be approved and you often pay less interest.

5. Work with a mortgage broker

A mortgage broker can guide you in gathering the right documents and help you make your application as strong as possible. A mortgage consultant will help you with the following points:

• Knows the requirements of different lenders and how best to present your situation. He can also compare different mortgage lenders.
• He or she will help you prove your income determination wage employment or calculate your average income if you are an entrepreneur.

Tip: Good preparation saves time and increases your chances of a successful application.

‍

Frequently asked questions about a mortgage without a permanent contract

Do you have questions about applying for a mortgage without a permanent contract? Or do you want to know what the options are if your income is irregular or was lower in the last year? Here you will find clear answers to the most frequently asked questions.

Can I take out a mortgage if my partner does not have a permanent contract?

Yes, you can take out a mortgage even if your partner does not have a permanent contract. Lenders look at joint income, counting both partners' current income and income security.

If your partner has a temporary or flexible contract, this income can count if it is stable and provable. Documents such as an employer's statement or perspective statement can help. This shows that there is sufficient certainty about your partner's income.

Tip: combine your partner's income with your fixed income or savings to make your application stronger.

Can I apply for a mortgage without a letter of intent?

Yes, you can, but a letter of intent provides additional security. Don't have a letter of intent? Then lenders look at other documents, such as your employer's statement or your average income over the past few months.

Why do you need a letter of intent for your mortgage?

A letter of intent shows that your employer intends to convert your temporary contract into a permanent one. This gives lenders additional assurance that your income will remain stable and that you can carry your mortgage payments.

Note: Don't have a letter of intent? Then use an employer's statement and a statement of your average income to prove your income security.

Can you apply for a mortgage without a permanent contract?

Yes, you can! Lenders today look primarily at your income security and stability. Are you working on a temporary or flexible contract? With an employer's statement or perspective statement, you can prove that your income is sufficient to bear a mortgage burden.

Tip: Collect documents such as your pay stubs and annual statements to build a strong file.

Can you borrow if you don't have a permanent contract?

Yes, you can apply for a mortgage even without a permanent contract. Lenders pay particular attention to your financial stability. Your application will be stronger if you have:

• An employer's statement or letter of intent (for temporary contracts).
• A perspective statement (if you work through an employment agency).
• Your average income over the past few months.

Tip: Do you have your own savings? Use this to support your application and increase your chances.

Can you get a mortgage without working?

In most cases, no, because lenders want certainty about your monthly income. But there are exceptions, such as:

• You receive structural benefits (e.g., WIA or pension).
• You have enough savings to finance much of the home.
• Your partner has a stable income and you apply for a mortgage together.

Note: Banks always assess whether you can bear the mortgage burden in the long run.

What if your income was lower in the last year?

Lenders often take the lower income as a starting point, especially if the decline seems structural. This need not be a problem because they also look at:

• Average income over several years.
• Other factors, such as income security and supplemental income.

Tip: Gather clear documents such as your pay stubs and annual statements and explain your situation well to make your application stronger.