Mortgage with a temporary contract?

Real Estate
1

Hello Mustachians,
We are an unmarried couple and we would like to buy a flat. We are at the initial phase and I’m still collecting information everywhere I can.
The flat that we aim to buy is around 1.3M
My partner has a permanent contract and earn ~70k a year.
I have a temporary contract with a daily wage, (940chf a day), which is more or less equivalent to 200k a year. My temporary contract is ending at the end of the year, but it should be renewed. (It has been renewed last year)

In total we have around 400k available in cash, and we also have each 2nd and 3rd pillar.
I guess in total we have around 550k for the down payment.

My question is the following, how bad it is to get a mortgage with my contract? Will it be difficult? Will the rate be higher? Even if we can put more than 20%

Thank you in advance!

2

The easier would be to get in touch with banks or a broker to discuss your situation and financials.

Each bank has different criterias. It would be more useful for your to get in touch with them directly.

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3

For bonuses, although this varies by bank, my experience is that they generally consider it as part of income if it has been stable for the past 3 years.
So I would expect at least this time-frame for your whole income, maybe more.

If your contract has only been renewed once so far (based on your message), I think it will be difficult. But as Guillaume said, you won’t know for sure until you try.

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