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Disabled/ESA how will I get a mortage?

The_old_block
The_old_block Posts: 3 Newbie
in Mortgages & endowments
Hail!
I am currrently on ESA and wife works under 16h.
I'm in the support group. my question in short is how do people like me get a mortage if ever? We are currently getting help with the rent but landlady is getting forced to sell by her ex partner. We would like to buy the house or at least his half of the mortage.

If your reply would require more info , please ask.
Thanks.

Comments

  • Contemptuous
    Contemptuous Posts: 516 Forumite
    Some lenders will include benefits in their affordability calculations.

    What income do you both receive/how much are you looking to borrow/how much deposit do you have?
    Slummy mummy!
  • ACG
    ACG Posts: 24,746 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Speak to a broker. There are 1 or 2 high street lenders who will consider it.
    I am a Mortgage Adviser
    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.
  • The_old_block
    The_old_block Posts: 3 Newbie
    Contemptuous wrote: »
    Some lenders will include benefits in their affordability calculations.

    What income do you both receive/how much are you looking to borrow/how much deposit do you have?

    esa tax creds and housing. wife is working about 12 h pw.
    looking around 190-200k probably max 10k deposit if we use a small loan or something.
    Thanks
  • marathonic
    marathonic Posts: 1,789 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The_old_block wrote: »
    esa tax creds and housing. wife is working about 12 h pw.
    looking around 190-200k probably max 10k deposit if we use a small loan or something.
    Thanks

    I don't think banks will accept a loan to be used as a deposit. Also, even ignoring the loan, you are talking about a 5% deposit which will restrict an, already small or non-existent, number of potential lenders.
  • GwylimT
    GwylimT Posts: 6,530 Forumite
    1,000 Posts Combo Breaker
    The only loans you can generally use for deposits are the help to buy scheme etc. What is your household income per year?
This discussion has been closed.
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