Tax Relief & Mortgages

gstevens69

Hello,

Does anybody know if lenders take in to account tax relief in the same way they do tax credits?

I receive a significant rebate for business milage each year as a lump sum - which would have a positive effect on the amount I can borrow if taken in to account.

Thanks

Thrugelmir

The relief is merely in essence reimbursement of expenditure already incurred. Not additional income.

ACG

As above. It is not income, just a refund of what you have already spent.
IF you go to a lender who assess affordability based on your actual expenditure (rather than ONS figures) you may be able to get the lending amount altered, but most lenders just use ONS figures.