Mortgage without a job

edited 30 November -1 at 1:00AM in Mortgages & Endowments
1 reply 587 views
BeckyjotBeckyjot Forumite
1 Post
edited 30 November -1 at 1:00AM in Mortgages & Endowments
Hi everyone, I was hoping someone could help! I am desperately wanting to get a mortgage. My divorce settlement is due any day this week. It is a good amount which means I can put a deposit of around £60000 down. I've seen a house I love for £150000. The trouble is I'm not working at the moment. I have 3 children (one is 4months old) and I'm doing an open university degree part time from home. I do have a financial consent order signed by the judge which shows that my ex husband will be paying £1000 per month maintenance as well as letters showing my child tax credits and child benefits. I have been to one mortgage broker who has managed to find me a deal but I would need £75000 deposit as apparently the lender won't take one account my financial consent order.
Any ideas? Any suggestions? Please help!


  • csgohan4csgohan4 Forumite
    9.8K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    you will find it difficult to get lending on no income with 90k needed. Even if they took your maintenance your still very short.

    Why not wait until you have a salary for a few months and then try again, as Lenders can only go on what you earn
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ PIxie/ Bowelhead99 RIP
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