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Mortgage lenders who accept other types of income?
milliebear00001
Posts: 2,120 Forumite
Just want to be ready in case Abbey turn us down. I need to know which lenders will consider things like child tax credit, child benefit, DLA/Incapacity Benefit and have reasonably generous multiples.
Does anybody know?
Does anybody know?
0
Comments
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All lenders are different.
Some will accept benefits and some won't.
Some will accept as secondary income but only up to certain percentage.
Best thing to do is see a 'Whole of Market' broker. This should avoid any unneccessary applications and stop problems like you are having now.I am a Mortgage AdviserYou 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.0 -
I did see a whole of market broker! They recommended Abbey to me because they have more generous multiples and accept many of the benefits. I just wanted some idea of the main High Street lenders who might fit the bill.0
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Abbey may yet agree to it.
If not your broker may have a plan B!I am a Mortgage AdviserYou 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.0 -
Check out YBS0
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