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dependants and mortgage application
bexley82
Posts: 1 Newbie
Hello,
I have a question about whether a step child is classed as a dependant when applying for a mortgage.
We are not first time buyers and my husband already has a mortgage. We cannot apply jointly as my credit rating is poor and unfortunately I have been stuck on my ex's mortgage for the last 7 years. I have a son, which I intermittently receive maintenance for and I also work so am able to support him completely financially.
I have searched the web for an answer but there seems to be no information about this. I was wondering if anyone is able to give some advice. Obviously with the new rules on mortgage lending dependants seem to make a huge difference to what the bank will lend.
many thanks
I have a question about whether a step child is classed as a dependant when applying for a mortgage.
We are not first time buyers and my husband already has a mortgage. We cannot apply jointly as my credit rating is poor and unfortunately I have been stuck on my ex's mortgage for the last 7 years. I have a son, which I intermittently receive maintenance for and I also work so am able to support him completely financially.
I have searched the web for an answer but there seems to be no information about this. I was wondering if anyone is able to give some advice. Obviously with the new rules on mortgage lending dependants seem to make a huge difference to what the bank will lend.
many thanks
0
Comments
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The child is dependent if he lives with you.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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If he lives with you and cannot support himself (you don't mention an age) then yes, he is a dependant.0
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