Income Proof - Court of Protection Parent Carer Payments

colinscott

As parent carers for our disabled son, my partner and I get regular ex-gratia payments from his compensation monies at Court, which are non-taxable. As my son's Deputy, I am authorised to make these payments under the Court Order. So far, we have not found a lender who will accept these payments for mortgage affordability purposes.

It is difficult to see where any risk to the lender lies. Although we are not employed under a contract of employment, because we provide the care out of our natural love and affection, the payments are arguably safer than employment income. If we were providing the same care for someone else, the income would be treated as earnings, but our services could be terminated at any time subject to a contractual notice period.

It means certain lenders are making it difficult for parents to give up their jobs in order to care for their disabled child. There seems no good reason why family's dealing with a disability should be treated this way.

Does anyone know of any lenders who would accept this income for affordability purposes or can offer any constructive advice? Many thanks.

libf

Can one of you work in order to get a mortgage?

Use a broker to find a lender who will fit your circumstances either way.

System

I think part of the problem is describing them as ex-gratia which will probably be seen as not a guaranteed income