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Single mum - Remortgage - advice

rdbaxter
rdbaxter Posts: 153 Forumite
in Mortgages & endowments
Hi

Just looking for ideas/advice if possible.

I am a single mum looking for a mortgage I currently have a buy to let mortgage but due to a relationship breakdown I am now back at the property.

I have it on an interest only mortgage and I would like to get it to a ' normal repayment' Current provider say they can't help as they are not doing new mortgages.

I problem is I need a lender to take in to account tax credits and child maintenance in order to borrow enough. Any suggestions would be appreciated.

Thanks

Comments

  • amnblog
    amnblog Posts: 12,791 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Then you should speak to a mortgage broker
    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.
  • rdbaxter
    rdbaxter Posts: 153 Forumite
    Amnblog, thanks. Do lenders take this income in to account ?
  • kingstreet
    kingstreet Posts: 39,514 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That would depend on how it is paid and how it can be evidenced.

    A mortgage broker will work through these things with you and place the case with a lender based on how you answer the relevant questions.
    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.
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