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Mortgages on benefits
brumvixen
Posts: 22 Forumite
Hi guys
I know some mortgage companies accept some benefit payments to count towards income but do any offer small amounts ie like £30k if you're entire income is benefits? I have £25k equity in the bank after selling our ex marital home and really want to purchase a shared equity. However where I am I'd need about £50k ish to purchase something suitable. I'm on disability benefits and likely to be long term so probably more guaranteed than an income would be. Any ideas?
Thanks Vicky xx
I know some mortgage companies accept some benefit payments to count towards income but do any offer small amounts ie like £30k if you're entire income is benefits? I have £25k equity in the bank after selling our ex marital home and really want to purchase a shared equity. However where I am I'd need about £50k ish to purchase something suitable. I'm on disability benefits and likely to be long term so probably more guaranteed than an income would be. Any ideas?
Thanks Vicky xx
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Comments
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Do you have income support?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Get income related ESA which counts same as income support0
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Check this out too;-
http://www.mysafehome.info/
They specialise in SO property/mortgages for the disabled whose only income is state benefits.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.0
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