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Please Help! Mortgage Lenders that take Tax Credits into account as income

babyfaxmachine · 2011-06-08 18:33:28

Hi there, Im a newbee! Have just been turned down by First Direct (who are my existing mortgage lender) for additional funds for a loft conversion. We have enough money coming in to pay back the additional 48k required, but FD won't take our £800 per month tax credits into account when looking at our incomings. I…

Comments

JimmyTheWig Posts: 12,199 Forumite

10 June 2011 at 3:32PM

Santander allowed ours when we applied for additional funds for a loft conversion.
At least they did in terms of affordability. Not sure what the deal was with income multiples.

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