Mortgage/Maternity Leave

confusedandcurious

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kingstreet

Ways around what? Affordability?

If your husband's income alone is enough to justify the new mortgage you need, you'll be able to borrow it.

If he doesn't, you won't.

Could you be a bit more specific about what you want to do?

kingstreet

All the lender is interested in, is can you afford the payments for a new mortgage based on the evidence of income you can provide at the time of the application.

If you do not intend to go back to work, you will not be able to have your income taken into account.

jimmy_81

Same as kingstreet, I can't really figure out what you want a "way around" here. If you're not working, you'll presumably have a lower joint income and yes, that means you won't get as big a mortgage.

Sorry to not be more helpful but there seems to be some information missing... How much are yours & husbands income? How much equity do you currently hold? Whereabouts in the country are you? Etc. etc....

Paully232000

Would it not be easier and quicker to give some more information so people can give you a decent answer.
Your salary
husbands salary
What you think is the equity in your house
how much your new house could be and hence mortgage needed.

You will get good answers from knowledgeable people on here if you can/want to do that.

dj.boz

When we (me and the wife) applied for a mortgage she had just started her maternity period. We were told (our local bank, Nationwide), that as long as she plans on returning to work, then they would count her current employment towards the joint mortgage.

amnblog

So you want to take a mortgage based on joint incomes when you know you won't be going back after maternity.

jacobtheamish

If your employer confirms you are returning back to work, then some lenders will take your income into account. I would say it would be application fraud to say you are planning to return to work when you are clearly planning not to.
Rough rule of thumb - 4.5x(Joint income - current commitments) + deposit/equity

Thrugelmir

jacobtheamish wrote: »

If your employer confirms you are returning back to work,

The choice whether to return to work or not lies with the employee. The employer has to leave a position open regardless.

Thrugelmir

Continue to overpay your current mortgage. That's the best way of leaving your options open for the future.

kingstreet

confusedandcurious wrote: »

my plan was not to return to work

We're kinda basing our responses on this, from the opening post.

You appear to want a bigger mortgage, without sufficient income to justify it and your post here is aimed at finding a way round that?