Will I get a mortgage?

beecher2

I don't know if my comments are deemed 'helpful' but I would be very cautious at taking on any mortgage a lender did offer you when your income is so reliant on benefits, particularly in this economic climate.

foxyd3vil12

My circumstances have changed slightly now over the past month. I have been in a new job for nearly a month with income of £10k p/a. benefits around £5. would a mortgage lender consider me as I have been in this current employment for such a small period of time. Probation is 3 months and I have a strong feeling I will pass the probationary period with ease. any advice from people who have been in this situation.

Fiddlestick

foxyd3vil12 wrote: »

My circumstances have changed slightly now over the past month. I have been in a new job for nearly a month with income of £10k p/a. benefits around £5. would a mortgage lender consider me as I have been in this current employment for such a small period of time. Probation is 3 months and I have a strong feeling I will pass the probationary period with ease. any advice from people who have been in this situation.

Why the rush?

Are you not better waiting the 3 months just to be absolutely sure you will still have a job?

foxyd3vil12

Fiddlestick wrote: »

Why the rush?

Are you not better waiting the 3 months just to be absolutely sure you will still have a job?

I am having problems in my rented accommodation and the tenancy on this ends in september. the tenancy ends around the same time as my 3 month probation passes but would need to give notice and give time for purchase, extra, on the house.

HappyMJ

Isn't the rent paid by Housing Benefit. The mortgage payments won't be.

foxyd3vil12

no actually my rent is not paid for by hb. the tax credits pays some and i pay for the rest. im not stupid you know. dont bother giving advice if thats all your going to say

foxyd3vil12

HappyMJ wrote: »

Isn't the rent paid by Housing Benefit. The mortgage payments won't be.

not everyone relys on housing benefit!!!