Can I get mortgage if in receipt of tax credits?

ACG

So your blaming the OP for claiming something shes entitled to?

If your not happy with it then you need to blame labour, conservative and liberal democrats - not the OP.

If your working 60 hours a week then thats your problem. Are you living beyond your means?
I work a full time job and for myself being self employed - not because i have to, but because i want to in order to get my own business off the ground. You dont see me complaining about working more than full time.

leveller2911

ACG wrote: »

So your blaming the OP for claiming something shes entitled to?

If your not happy with it then you need to blame labour, conservative and liberal democrats - not the OP.

If your working 60 hours a week then thats your problem. Are you living beyond your means?
I work a full time job and for myself being self employed - not because i have to, but because i want to in order to get my own business off the ground. You dont see me complaining about working more than full time.

I don't disagree with you, the system is fooked.

No I'm completely debt free and planned to be debt free 7 yrs ago when I could foresee the problems we have now.I have never lived beyond my mean,work hard and pay my way.Net tax contributor of £2.5k a year .

I don't think my taxes should go towards buying someone a house and to the vast majority that is a reasonable statement given that many who work hard full time and save, can't afford to buy a house.

I don't need to get my business off the ground its been trading for 25yrs and always makes a profit, I have months of work booked in, I don't advertise at all and customers come to me... I guess I'm just very good at my job:D......I have a problem with a system where people are given large amounts of money for doing very few hours.Where is the incentive for people to progress/qualify/better themselves ? when they can have money for doing very little.



Like I said before you do have a vested interest and you wouldn't bite the hand that feeds you ,would you........

HappyMJ

leveller2911 wrote: »

The fact remains she earns £8k a year via part time work and gets £10k (£1,000 month) tax credits and more than likely is in receipt of housing benefit and Council tax benefit on top of the £10k tax credits...

The only difference is she works part time and the fact is if she didn't work part time she wouldn't receive £10k tax credits so the idea/plan/goal is for many to work the minimum required hours to be entitled (love that word) to huge amount in benefits. To receive Tax credits they need to work minimum 16 hrs a week to qualify.

I'm sure the OP has the right idea, its muppets like me who work 60hrs a week and receive next to f *** all from the state who has it all wrong.

I guess all you mortgage guys see is £££££ signs.

No entitlement to housing or council tax benefit with £30,000 in the bank. The OP would have to spend it all first before being entitled to HB and CTB. By purchasing a house (although £70,000 is way pushing it-I would have thought match what she has at £30,000 for a 50% LVR mortgage and not too many questions will be asked on proving income) she will never be entitled to housing benefit and therefore in the long run saving the taxpayer money.

Although finding a house for £60,000 might be hard but she might want to consider a shared ownership property worth £120,000 and pay rent on the other half the rent being paid for by housing benefit. The housing benefit she could get would be half of what she would get if she spent all the money she has and still saving taxpayer money in the long run.

ACG

I have no vested interest...if they take out a mortgage it wont be through me so it doesnt bother me in the slightest one way or the other.

I would imagine your accountant finds ways to lower your tax bill? They probably use the tax system to save you money?
If the OP is playing the system - then its a system thats in place, which she has had no say over.

As ive said, i cant stand people that pop kids out in order to avoid work and get a free house. Ive not spoke to my sister for about 4 years for doing exactly that. So im not against what you say. But shes working, which in my eyes is never a bad thing.
If you could see the area i was brought up in i would say about 60-70% of people dont bother working, go to tesco in pyjamas and still probably come away with about £20k in benefits for doing nothing.

We obviously have different views on this and i dont think theyre a million miles apart - i think its more just the part time work that we disagree on.

EDIT: Apologies for the living beyond your means comment - it was more to provoke a reaction than actually insinuating anything...which you managed to answer pretty well!

CBR600F_2

ACG wrote: »

If your [sic] not happy with it then you need to blame labour, conservative and liberal democrats - not the OP.

Why not both?

If a robber held a pistol (let's say a Makarov, it seems fitting) to my neck and demanded the contents of my wallet, and then proceeded to hand over said contents to a third party, then both the robber and the recipient of my stolen money would be culpable.

Just because this whole initiative was dreamt up by a bunch of unaccountable, unelected foreigners, and codified into law by a more domestic - but no less heinous - bunch of unaccountable crooks, doesn't make it any less immoral.

It's unfortunate the OP decided to procreate with a deadbeat, but that's her problem not mine. She oughtn't be entitled to the state sanctioned theft of my goddamned money.

leveller2911

ACG wrote: »

I have no vested interest...if they take out a mortgage it wont be through me so it doesnt bother me in the slightest one way or the other.




If you could see the area i was brought up in i would say about 60-70% of people dont bother working, go to tesco in pyjamas and still probably come away with about £20k in benefits for doing nothing.

We obviously have different views on this and i dont think theyre a million miles apart - i think its more just the part time work that we disagree on.

EDIT: Apologies for the living beyond your means comment - it was more to provoke a reaction than actually insinuating anything...which you managed to answer pretty well!

The OP may well be genuine ,theres no way we can tell if she wants to work or working part time is a means to an end. I just think its a kick in the teeth to all those hundreds of thousands of people who do not receive these large amounts of tax payers money and also can't afford to buy a home at the same time susidising someone else mortgage.

You are right in that the system is wrong as it allows this. The Banks are wrong in accepting tax credits as income, what ever happend to common sense with lending money.

Fiddlestick

ACG wrote: »

I hate it when people have kids and claim just as much as anyone who works, however the OP has 2 jobs and doesnt come across as work shy or someone off the Jeremy Kyle show.
In the OP she has said shes divorced so without knowing the full history - which i dont think the OP needs to disclose on an open forum - how can you have a go?

I'm not "having a go" at the OP, just venting some frustration that as a taxpayer, I'm subsidising a mortgage that I - as someone who works full time - could not afford.

ACG

Are you really comparing the OP claiming benefits to you having a gun held to your neck? Im not even going to respond to that.

Receiving benefits is probably a safer bet to banks than accepting job income in the current market :P

Im not even sure why im having this argument, it doesnt affect me in the slightest one way or the other. My main gripe was having a go at someone when we really dont know the full story. I prefer to ask questions before making assumptions.

ACG

Fiddlestick wrote: »

I'm not "having a go" at the OP, just venting some frustration that as a taxpayer, I'm subsidising a mortgage that I - as someone who works full time - could not afford.

If she stopped claiming you would pay the same tax.

Im in the same boat, i cant get a mortgage for the amount that i would like which is resulting in me having to move out of the area a little - but thats because my income doesnt support where i want to live...nothing to do with the OP.

CBR600F_2

ACG wrote: »

Are you really comparing the OP claiming benefits to you having a gun held to your neck? Im not even going to respond to that.

i) Yes, I am. Theft is theft, irregardless of the method;
ii) You already have.