Possible Mortgage Implication - Advice Please

specialk1972

Hi,

My partner has a condition on his medical record that hasn't been fully diagnosed but could if it progresses to be what they think it could mean that he won't be able to work in a years to come.

Would we be able to get a mortgage, e.g. are the bank likely to say yes (if they found us financially viable) if we didn't have insurance cover if he couldn't work or they wouldn't pay out in relation to this condition? Or, is there a stipulation that you do have to have cover and if you can't get it or it wouldn't pay out for the condition that puts him out of work they wouldn't consider the mortgage?

I know no one can say whether we'd get a mortgage or not I'm just wanting to get a ball park idea if we would be likely to get one with or without any insurance cover.

Thanks all

foxy-stoat

I would consider if I would could afford the mortgage with only 1 income, should the worst happens.

If you have concerns try getting the mortgage with only your income.

ACG

Many lenders ask if you know of anything that may affect your ability to pay in the future.

Getting a Mortgage where you reliant on someone' income knowing it could well stop in the future is not the smartest idea. Bare in mind interest rates are at an all time low so mortgage repayments will only go up in time.

The lender will not ask specifically about health.
They will also not require you to have any type of health or life insurance.

The last thing you want is a mortgage on a house you have to sell in a few years when you are also dealing with deteriorating health.