Can i get a mortgage

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positive99
Posted by
Elite Member

21 Mar 12 #319394 by positive99

Topic started by positive99

Hi wikipeeps

does anyone know if I would be able to secure a mortgage based on benefits and child maintenance payments.

I am currently on a career break until Sept 2013. I am in receipt of JSA, Child tax credits and child benefit plus child maintenance.

thanks

survive
Platinum Member

21 Mar 12 #319399 by survive

Reply from survive

Hi positive,

This may prove tricky I''m afraid, most big banks andb/s wouldn''t touch it.

The Halifax is one company that seem to offer mortgages and will take benefits into account, although I''m not sure if you have to be employed at least part time.

I know they will definately take into account child tax credit. If you child maintenance is court ordered or via CSA then that might be o.k. As for JSA (?)

But if I may ask, if you are unemployed would you be able to afford a mortgage let alone be given one??

It is best to find a mortgage broker who would be able to advise you, just be careful of the rates they quote too.

Hope this helps

Survive
x

positive99
Posted by
Elite Member

22 Mar 12 #319531 by positive99

Reply from positive99

Hi Survive

Thanks for replying. Just what I thought to be honest.
Not sure where my stbx would like me to live lol.

I would be able to pay the mortgage. I am only hoping to borrow around 60k. The rest I will have when I sell the FMH and also a loan from parents.

Thanks for your advice.

Pos.x

perin123
Platinum Member

22 Mar 12 #319540 by perin123

Reply from perin123

Positive, I know when I enquired some lenders were happy to take into account tax credits, some were not. As for maintenance payments I was told unless there is a court order they would not entertain them.
As Survive said, best to get a mortgage adviser as they have access to lots of lenders and deals.

Good luck x

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