Open Market Homebuy

geordiepaul2001

I have just been semi accepted for the Open Market Homebuy scheme, subject to a affordability calculation being completed by an independent financial advisor.

I currently earn circa £19,037 per year
I receive working tax credits of £220.00 per year
My wife gets benefits paid into her account - £4827.96 per year - family tax credit, and £1449.60 per year - child benefit.

Can I class all of the sums as my income, as I could just as easily get them transferred into m account?
Or will it need to be classed as a joint income?

Any help would be greatly appreciated.

Paul

geordiepaul2001

*** bump ***

Unclebob_3

I think it depends on how you applied for the scheme - whether your application was a joint one or just in your name. They may automatically consider both incomes as you're married. Basically we've just bought a house through open-market homebuy and applied jointly in both names as we're not married. They do take into account every little scrap of income so you're right to remember child benefit and tax creds etc. We used an independent financial advisor from Best Advice, one of four companies recommended by the housing association. However, I'm not sure we got the best financial advice in the world so be careful who you use.