We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Dependencies on mortgage applications

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: 24,859 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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture