Help to Buy on maternity leave

sframpton

Hi,
We've been looking at buying our first home whilst I'm on maternity leave, using the HTB scheme. As I understand it, banks now take into consideration your regular earnings when processing a mortgage for someone on mat leave due to discrimination etc.
However, I've just spoken with HTB and they've told me that they will only take into consideration my current earnings when using the calculator, meaning i earn £10k less than I would ordinarily and don't qualify for the loan!
Just wanted to guage some perspective on this as it seems very unfair when I am returning to work in a few months.
Thanks.

kingstreet

When we complete and submit the PIF & Reservation to the HTB Agent, we enter the same income data we enter on the mortgage application.

We have done mortgage applications and HTB cases where the applicant doesn't start employment for several months but the lender is willing to issue a mortgage offer on the evidence of a job offer and confirmed start date.

sframpton

kingstreet wrote: »

When we complete and submit the PIF & Reservation to the HTB Agent, we enter the same income data we enter on the mortgage application.

We have done mortgage applications and HTB cases where the applicant doesn't start employment for several months but the lender is willing to issue a mortgage offer on the evidence of a job offer and confirmed start date.

Thanks very much kingstreet - I have just spoken with a different broker and they have said exactly the same as you! So, to confirm, if the bank were accepting my return to work salary, then that's the salary you would enter into the HTB calculator when doing the application?

Thanks again.

kingstreet

Yep.

Spot on.