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  • FIRST POST
    • hannahroberts1985
    • By hannahroberts1985 10th Sep 17, 9:01 AM
    • 737Posts
    • 1,060Thanks
    hannahroberts1985
    Is child maintenance classes as income on a mortgage application?
    • #1
    • 10th Sep 17, 9:01 AM
    Is child maintenance classes as income on a mortgage application? 10th Sep 17 at 9:01 AM
    i live with my partner but he can't be included on a mortgage application as he is tied into a house with his step dad and this house had some late payments a year ago which has ruined his credit rating. I'm currently part time as I look after our children. My income is £17,000 my question is if we write a contract stating he will pay me a set sum of child maintenance each month can this be used to increase my salary figure on my application? Just trying to weigh up our options.
    Thanks for any advice.
    Deposit :£10,469/£20,000 = 50% Fee fund £1903 emergency fund:£752/£1000 Car fund:£5 Xs fund £67 B/day £45
    Noodle: 614 Clear: 499 mse:967/61%
    Family loan £7000/£6875
Page 1
    • ACG
    • By ACG 10th Sep 17, 10:31 AM
    • 15,400 Posts
    • 7,786 Thanks
    ACG
    • #2
    • 10th Sep 17, 10:31 AM
    • #2
    • 10th Sep 17, 10:31 AM
    That is not child maintenance.
    No lender is going to accept what you have described.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • hannahroberts1985
    • By hannahroberts1985 10th Sep 17, 10:34 AM
    • 737 Posts
    • 1,060 Thanks
    hannahroberts1985
    • #3
    • 10th Sep 17, 10:34 AM
    • #3
    • 10th Sep 17, 10:34 AM
    Ok thanks I though as much just trying to weigh up our best options. If partner sells his current property would it still be a no go using him on a mortgage with late mortgage payments from a year ago? His credit rating is high even with the late payments....Or how long would you recommend we wait for his late payments to clear?
    Deposit :£10,469/£20,000 = 50% Fee fund £1903 emergency fund:£752/£1000 Car fund:£5 Xs fund £67 B/day £45
    Noodle: 614 Clear: 499 mse:967/61%
    Family loan £7000/£6875
    • ACG
    • By ACG 10th Sep 17, 10:45 AM
    • 15,400 Posts
    • 7,786 Thanks
    ACG
    • #4
    • 10th Sep 17, 10:45 AM
    • #4
    • 10th Sep 17, 10:45 AM
    Possibly, but depending on the details it may not be high street rates.

    There are high street lenders who would consider it but it is difficult to say without seeing credit reports etc.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • hannahroberts1985
    • By hannahroberts1985 10th Sep 17, 10:49 AM
    • 737 Posts
    • 1,060 Thanks
    hannahroberts1985
    • #5
    • 10th Sep 17, 10:49 AM
    • #5
    • 10th Sep 17, 10:49 AM
    Ok thank you I think another meeting with my broker is needed. I really appreciate your advice thanks again.
    Deposit :£10,469/£20,000 = 50% Fee fund £1903 emergency fund:£752/£1000 Car fund:£5 Xs fund £67 B/day £45
    Noodle: 614 Clear: 499 mse:967/61%
    Family loan £7000/£6875
    • ACG
    • By ACG 10th Sep 17, 10:49 AM
    • 15,400 Posts
    • 7,786 Thanks
    ACG
    • #6
    • 10th Sep 17, 10:49 AM
    • #6
    • 10th Sep 17, 10:49 AM
    No worries, it never hurts to get a second opinion.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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