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New mortgage without partner's income
John2424
Posts: 1 Newbie
Hello,
I currently own a property & am now looking to move. I have a joint mortgage with my wife who is currently on maternity leave. She is due to return to work officially in January 2020 but is not intending on going back. My question is - if we were to buy a property before then (in the next 6 months), would the bank/lender simply assume my wife will be back in full time employment & therefore any new mortgage we are offered will still be based on our joint income when she was receiving a full salary and not on her maternity pay?!
!Many Thanks
I currently own a property & am now looking to move. I have a joint mortgage with my wife who is currently on maternity leave. She is due to return to work officially in January 2020 but is not intending on going back. My question is - if we were to buy a property before then (in the next 6 months), would the bank/lender simply assume my wife will be back in full time employment & therefore any new mortgage we are offered will still be based on our joint income when she was receiving a full salary and not on her maternity pay?!
!Many Thanks
0
Comments
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Lenders don't assume anything, they use the information you provide them with. If you decide to commit mortgage fraud by presenting them with false information it's up to you.0
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