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Universal credit and applying for a mortgage
technics_99
Posts: 1 Newbie
Does anyone have any information or experience in applying for a mortgage whilst on the new universal credit system?
I work full time and earn a reasonable wage, my partner works part time because we have a 19 month old daughter. We have High childcare costs as we have no family near by to help (£650 p/m).
We are in the process of applying for a mortgage through Scottish government LIFT scheme, have had an AIP and an offer accepted on a flat. But after finding a guardian article on UC and mortgages I am worried we will be knocked back.
Any information would be great.
Thanks
Mark
I work full time and earn a reasonable wage, my partner works part time because we have a 19 month old daughter. We have High childcare costs as we have no family near by to help (£650 p/m).
We are in the process of applying for a mortgage through Scottish government LIFT scheme, have had an AIP and an offer accepted on a flat. But after finding a guardian article on UC and mortgages I am worried we will be knocked back.
Any information would be great.
Thanks
Mark
0
Comments
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Some lenders just do not include the universal credits in the affordability calculation, your best bet would be to get a mortgage broker who can advise you on which lenders are suitable - some of the biggest brokers are completely free to you so it’s worth getting some adviceThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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