Complicated reasons looking for a mortgage disabled

m-holland

Hi folks,


This is complicated so I will try to keep it as simple as possible.


I am a carer for a disabled person who is in receipt of PIP and ESA. I am also disabled myself and in recepit of PIP, Income Support and Carers Allowance.


The person I care for lives in a property that is suitably adapted for him, renting from a private landlord. The landlord has indicated that he would be looking to sell, not in the immediate future, but in the future.


The property he is in currently has a value of £120,000.



I have been trying to research this online but the amount of information is overwhelming.



I am basically trying to find out the first steps, in this case what are the chances of any mortgage lender considering this situation, and then the best way to approach this.


Should, in the case of a mortgage application, we both apply (I would be living with him in any situation) for a mortgage together. Should one of us apply for a mortgage and the other would then be "letted" to if that makes sense, or is there another obvious option that I'm not seeing?


Some other points: He requires more or less round the clock care so employment for me really isnt an option.


Although my credit profile isnt brilliant, we wouldnt even be looking to apply for a mortgage until the two defaults on my profile have dropped off and have paid off most/if not all of my outstanding debt (credit cards etc.). His credit profile however, is not that pretty. I am trying to help him with it but its difficult.



We are in Scotland.


Any insight on this would be greatly appreciated

ACG

There are not many lenders who will accept benefits as a sole form of income.

You will need a deposit of I reckon 10%. That means your ESA/PIP payments would need to be around £30,000 combined or individually - you can not use future rent as a form of income.