Can part-time single parents get mortgages?

Firstly, I really admire your attempts to keep yourself together. Here is someone in a sad situation (relationship break-up), working (not sitting around) and bringing up a small child - personally I can't think many better uses of "my" taxes than to support someone in this situation, and enable them to give their child a good start.
Good for you.

Secondly I do think you would have trouble getting a mortgage of a sufficient size to cover buying a house in most areas. Without prying into your personal background,it sounds like you are at least on speaking terms with your child's father, did you have joint ownership of a home and now entitled to a 50% share of the equity? Or perhaps he would be willing to advance a number of months of the child support he would be giving you as a deposit (if house prices are low in your area this might help, otherwise it'd be a drop in the ocean). Otherwise you're stuck with renting. It depends a lot on your council but try applying for a council flat, where the rent will be much lower and you will be able to afford to save if you're careful while working part time and still spending some time with the little un (I agree that 12 months is an age when you don't want to leave them). Another option is shared ownership, again contact your council.

Personally I would put ideas of mortgaging yourself to the hilt on hold for a while and try to keep to the important things in life!

OK I never make negative comment on this forum but I am disgusted at some people's attitudes! To all you doubting Thomas' out there, I am a single parent earning 13k a year and I currently have an 85k mortgage. What's the problem with you people? This poor woman's partner has left her - in the lurch with a baby. Have a bit of compassion! Put yourself in her position... would you like people being so nasty to you over a public forum - NO!

So Munchkin 78 - find yourself a GOOD financial advisor. Ask around and get someone recommended to you. You'll need to self certify yourself for the other incomes you get i.e WTC/CTC and maintenance. If you don't have any debt problems then you will still pay a slightly higher interest rate than the normal bod on the street but it'll still be less than £800 a month on rent. Keep your chin up. You can do this I didn't think I could but I have, and me and my DD are doing just fine without him!

ss1973 wrote: »

OK I never make negative comment on this forum but I am disgusted at some people's attitudes! To all you doubting Thomas' out there, I am a single parent earning 13k a year and I currently have an 85k mortgage. What's the problem with you people? This poor woman's partner has left her - in the lurch with a baby. Have a bit of compassion! Put yourself in her position... would you like people being so nasty to you over a public forum - NO!

So Munchkin 78 - find yourself a GOOD financial advisor. Ask around and get someone recommended to you. You'll need to self certify yourself for the other incomes you get i.e WTC/CTC and maintenance. If you don't have any debt problems then you will still pay a slightly higher interest rate than the normal bod on the street but it'll still be less than £800 a month on rent. Keep your chin up. You can do this I didn't think I could but I have, and me and my DD are doing just fine without him!

Perhaps some of the posts are insensitive. But I think your comparing apples with oranges. Getting 85 on 13k salary is a bit different to asking can I get 150k on 11.5k salary!! To be fair this has been fleshed out a bit more now though....

I also estimate 150k @ 6% Interest Only is £750pm, at 6.5% its £812pm. So 'less than £800 a month rent' is perhaps a stretch, especially when taking into account the added costs of home ownership opposed to renting.

Id advise the OP to take a good look at their finances first, get everything down on paper, then maybe consult a professional about their circumstances. Sometimes a forum isnt the right place to ask