Dependent?

deano3

Ive just done the numbers on my revised circumstances and as joint applicants its very tight, me as sole without child benefit looks ok. Would I be able to do a application on that basis and would wife then become a depended though?


Sorry if im causing you frustration

kingstreet

Feel free to have a play with it;-

http://www.woolwichintermediaries.co.uk/Woolwichmortgages/Affordabilitycalculator/IP1242620961812

you can put any rate in upto about 7% and the output remains the same.

deano3

That's what ive been using, based on revised circs it seems to be ok. On the assumption of one dependent and just me as a applicant, if I can do that.

ACG

You cant put down that your a single applicant with no dependents unless you plan on putting your child up for adoption - which is probably a bit extreme just to get a mortgage.
You can (subject to Woolwich being ok with it) put down 1 applicant with 1 dependent (your child) or 2 applicants and 1 dependent.

Also, if you have ANY deductions on your payslip - this will reduce how much you can borrow.