Is buying a house deprivation of capital?

haras_n0sirrah

There are lenders who will accept benefit income. Most will want some element of earned income rather than 100% benefits (nationwide for example is 25% earned as a minimum)
Buying a property for yourself to live in is not deprevation of capital. A buy to let would be

greatcrested

To be clear

* how much savings do you have spare for a deposit?

* how much are the family prepared to provide?

* would they be lending this, or gifting it?

* would you still need a mortgage or be able to buy with cash?

* are you children 'adult children' or dependants?

* what earned income do you have? Is it guaranteed or eg tempwork or zero hours contract?

* will the property (and mortgage) be in your sole name?

MaireAA

greatcrested said:

To be clear

* how much savings do you have spare for a deposit? 25k

* how much are the family prepared to provide? Unsure- depends on mortgage agreed & house price.

* would they be lending this, or gifting it? lending

* would you still need a mortgage or be able to buy with cash? Mortgage

* are you children 'adult children' or dependants? Young children - dependants

* what earned income do you have? Is it guaranteed or eg tempwork or zero hours contract? Contract 24hrs a  week

* will the property (and mortgage) be in your sole name? Joint or mortgage guarantor 

25k
Unsure- depends on mortgage agreed & house price.
lending
Mortgage
Young children - dependants
Contract 24hrs a  week
Joint or mortgage guarantor 

hazyjo

Lender more than likely won't accept borrowed money towards a deposit, only gifted.