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Mortgages and pregnancy
MillyMolly01
Posts: 68 Forumite
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You have no dependents currently, early days - we wish you well.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
I would enter the details in the calculator as if the baby had been born.
Enter the cost of future childcare as well.
Every lender asks "is there anything likely to happen in the near future to affect your income/expenditure?" and this is one of those things.
Many lenders will not take your income into account if you are on maternity leave and others will ask for evidence of savings to fund your lifestyle during your leave.
Fortunately, there are several which will base their lending on your pre-leave salary as long as you provide the return to work letter which confirms your return to work date and salary.
I would appoint an independent mortgage broker and have them prepare comparisons between pre and post birth to show the difference in what you will be able to borrow. They will also find the lender(s) most likely to look favourably on your situation.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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