Dependent?

deano3

Hi,


If wife works on a 0 hour contract but cant be used for affordability, would she be classed as a dependent despite 7 months wage slips? Mortgage with Woolwich.


Thanks all, stressing about this somewhat.

ACG

No.
Just adding text to pad it out.

deano3

So if I have 1 child, wife on 0 hour with 7 months payslips then I assume that would be classed as just the 1 dependent?


Be a relief if so....Thankyou

kingstreet

Have you made her second applicant with £0 income?

deano3

Full application appointment next week, think its going to be a stretch to be honest and so a little anxious.


I don't know to be honest how she will be entered or what is likely to be better for affordability.

ACG

Thats correct yes.

kingstreet

In whose name is the child benefit paid?

deano3

My wifes I think, what effect will that have?

deano3

Im hoping your going to say that means she has a "income" thus not a dependent.

kingstreet

I'm trying to figure out how you're trying to do this.

If the current mortgage and property is in joint names, you would normally do a joint application. With your £27k and her £1,056 it's coming up not affordable on the Woolwich calculator (£130k over 25 years).

I would imagine without her £1,056 with you as a sole applicant, it still won't work.

I was just trying to see if I could get it to fit.

deano3

Ive managed to get an extra 9k so mortgage would be 121 now, im 34 so im guessing mortgage could be increased to 35 years? DO you think that would work? Thanks once again