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Can i get a mortgage

  • positive99
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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
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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

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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

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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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