Mortgage with recent poor health

GavB79

I had 9 months off work in 2010 due to serious ill health. I was still employed during this time but not attending work - I have been with the same employer since 2003.

I am now back on my feet and looking to buy a house again - could my recent illness be a barrier in getting a mortgage? I could see that I may be a high risk if I was likely to fall ill again.

If it is a problem, how long would it likely be before I am considered viable?

originalmiscellany

I had 9 months off work in 2010 due to serious ill health. I was still employed during this time but not attending work - I have been with the same employer since 2003.

I am now back on my feet and looking to buy a house again - could my recent illness be a barrier in getting a mortgage? I could see that I may be a high risk if I was likely to fall ill again.

If it is a problem, how long would it likely be before I am considered viable?

Hello GavB -
It depends doesn't it on the ill health. I think some mortgage companies will want info on your illness, e.g. was it a one off, a broken leg from a car crash, or is it something else, like mental health issues, where you have a family history of it etc.

Furthermore, the mortgage company will want to see the big picture:
Do you have a good credit record? Do you have any savings?

Wh05apk

originalmiscellany wrote: »

Hello GavB -
It depends doesn't it on the ill health. I think some mortgage companies will want info on your illness, e.g. was it a one off, a broken leg from a car crash, or is it something else, like mental health issues, where you have a family history of it etc.

Furthermore, the mortgage company will want to see the big picture:
Do you have a good credit record? Do you have any savings?

Sometimes, I cannot believe the rubbish written on here, lenders underwrite financially, insurers underwrite on health, the op has been employed since 2003 so has a long employment history, provided this did not cause financial problems this should not cause any issue, you may struggle to get life cover etc, however this cannot be made a condition of the mortgage.

From a personal point of view, if you are now back to fitness, and no concerns over future health/income then you should go for it.

originalmiscellany

And Wh05apk, I bow to your knowledge! You're an advisor by profession, so are in a much better place to accurately advise than me

Wh05apk

originalmiscellany wrote: »

And Wh05apk, I bow to your knowledge! You're an advisor by profession, so are in a much better place to accurately advise than me

Sorry, if I was a bit "abrupt" I had just been reading some other posts, and was a bit wound up over the "mis-information" being posted.:beer:

GavB79

Thanks for the replies.
I did not experience any financial problems as I was in the process of moving at the time so sold and moved back with parents instead of buying, hence now looking to buy again. I have life cover through my work pension.
I hope I shall now be ok but will be monitored for 5 years which I thought might be a problem. It's important for me to start taking my life back so waiting 5 years to get back on the ladder is not preferable!