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How number of children affects mortgage application
Jo_R_2
Posts: 2,660 Forumite
Hi all
Quick Q... We are slowly but surely saving for a deposit (actually being in a position to apply won't be for a few years yet.)
We have three children (aged 6, 3 and nearly 1.) I know how many is a factor when applying for a mortgage. What I am wondering is if there is a specific way this affects an application, or is there a general rule of thumb that mortgage companies apply so I can have some idea of how it would factor in?
Hope that makes sense!
Quick Q... We are slowly but surely saving for a deposit (actually being in a position to apply won't be for a few years yet.)
We have three children (aged 6, 3 and nearly 1.) I know how many is a factor when applying for a mortgage. What I am wondering is if there is a specific way this affects an application, or is there a general rule of thumb that mortgage companies apply so I can have some idea of how it would factor in?
Hope that makes sense!
Dealing with my debts!
Currently overpaying Virgin cc -
balance Jan 2010 @ 1985.65
Now @ 703.63
0
Comments
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Different lenders with different credit scoring systems will treat different borrowers in different ways.
So no rule of thumb.0 -
Ah fair enough, that's to be expected I guess. Thanks.Dealing with my debts!Currently overpaying Virgin cc -balance Jan 2010 @ 1985.65Now @ 703.63
0
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