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changing mortgage on benefits

dave030445
dave030445 Posts: 1,001 Forumite
Part of the Furniture 500 Posts Combo Breaker
in Mortgages & endowments
Hi all
My mortgage has come to the end of its fix rate and our mortgage company are not being very helpfull are there any mortgage companys that will give a mortage to familys on benefits. Please help.
«1

Comments

  • Senior_Paper_Monitor
    Senior_Paper_Monitor Posts: 2,918 Forumite
    Part of the Furniture Combo Breaker
    Not unless they are 'lifetime benefits' such as disablement (and those who will accept that are few and far between)
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You may find lender's accepting some benefits but not as a primary income. An earned income would be needed as a primary source.
    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.
  • orangina
    orangina Posts: 36 Forumite
    Halifax take the most state benefits into account - obviously it depends what they are and how long they are likely to run so give them a call or go see a broker to help you ( dont pay any broker fees upfront!)

    Good Luck
    Please note that I am a Qualified Mortgage Advisor
  • dave030445
    dave030445 Posts: 1,001 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    GMS wrote: »
    You may find lender's accepting some benefits but not as a primary income. An earned income would be needed as a primary source.
    Hi benefits are our main income we get dla esa and my wife gets carers for me.
  • orangina
    orangina Posts: 36 Forumite
    Then call up Halifax and ask if they will take them
    Please note that I am a Qualified Mortgage Advisor
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    What figures are you looking at.... property value? Mortgage amount?
    Gross annual salary? Figures for DLA, ESA and carers?

    Do you have any other debts?
    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.
  • Annisele
    Annisele Posts: 4,835 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    What is your current lender's SVR? You might find that the rate you move onto after your fixed rate isn't that terrible.
  • dave030445
    dave030445 Posts: 1,001 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Annisele wrote: »
    What is your current lender's SVR? You might find that the rate you move onto after your fixed rate isn't that terrible.
    5.7% bad enough
  • orangina
    orangina Posts: 36 Forumite
    What lender is that? And why did you go with them initially
    Please note that I am a Qualified Mortgage Advisor
  • dave030445
    dave030445 Posts: 1,001 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    orangina wrote: »
    What lender is that? And why did you go with them initially
    Chelsea and 5 years ago they were the best rate we could find.
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