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Dependencies on mortgage applications

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mikwillo
mikwillo Posts: 2 Newbie
in Mortgages & endowments
My partner and I are looking to buy a house together. We both have 2 children each that live with us part time as they also live with their other parents. I dont pay any child maintenance for my 2 and my partner receives maintenance for hers.

So my quesiton is do we declare 2 or 4 depandancies when we apply for a joint mortgage as none of them live with us full time?

Comments

  • ACG
    ACG Posts: 24,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    It will vary, you could argue that the maintenance means they are not dependent on you or use the maintenance as a form of income.

    As an example, I did a case in November where the applicant had 3 kids who lived with him 3 days a week none of which were financially dependent on him in the eyes of the lender.
    I am a Mortgage Adviser
    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.
  • mikwillo
    mikwillo Posts: 2 Newbie
    Ok ACG thanks for the reply.
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