Will PGCE Training Bursary Count As A Mortgage Income?

Cloupe

I am looking at applying for a PGCE Secondary Maths course with a Maths Enhancement course starting in January 2010.

To do the whole 18 months, I will be paid a bursary of between £12000-£16000. Will banks accept this as income towards a mortgage application when combined with my husband-to-be's salary? Or will we just have to use his salary alone?

Thanks very much.

Kavanne

My boyfriend's undergraduate bursaries weren't taken into account Have your consulted an independent advisor?

herbiesjp

Some lenders may take some of this into account.

However it will depend on the merits of the whole application put in front of them.

What kind of deposit would you have and what house prices are you looking at? Do you have any other debts?

Cloupe

We'll have a deposit of around £6k-£7k and are looking at properties under £90000. The only debts we have are student loans.

Thanks again.

DJ82

When we took our mortgage out 2 years ago - this was taken into consideration as my girlfriend was due to start in the september as we got the mortgage in June.

It was with Abbey

y3andy

Halifax took my girlfriends bursary into account in Nov 2006.

Trillionaire

But these are different financial times to 2 years ago. The only way to know is to ask! - As in ask bank/BS that you are thinking of applying with.

balloonatic

I'm having a similar problem at the moment, I have a contract starting in September but most banks won't touch me until then - Only the Halifax but their rates are quite high!