Mortgage application with Universal Credit

_AandL_

Has anyone had a successful mortgage application on Universal credit. We’ve applied with Pricise and are unsure if this will be a problem. 

Carl2510

Depends, have you gone through a mortgage broker? Have you checked affordability with the income from Universal Credit, are you on Furlough??

_AandL_

Yes have gone through a mortgage broker. I haven’t included the universal credit as income, I’m self employed and am still trading. Just not at the same rate as before. 

K_S

@_AandL_ Having taken UC will not have any significant impact on your chances of a mortgage.

_AandL_

K_S said:

@_AandL_ Having taken UC will not have any significant impact on your chances of a mortgage.

Precise mention in their T&Cs that they won’t accept anyone whose taken housing benefit in the last 12 months. Am unsure if this is they same thing?

K_S

_AandL_ said:

K_S said:

@_AandL_ Having taken UC will not have any significant impact on your chances of a mortgage.

Precise mention in their T&Cs that they won’t accept anyone whose taken housing benefit in the last 12 months. Am unsure if this is they same thing?

@_aandl_ I'm sure your broker would have checked before submitting the application if there was any doubt re criteria. If you want some reassurance, you could just ask them the same question.

_AandL_

K_S said:

_AandL_ said:

K_S said:

@_AandL_ Having taken UC will not have any significant impact on your chances of a mortgage.

Precise mention in their T&Cs that they won’t accept anyone whose taken housing benefit in the last 12 months. Am unsure if this is they same thing?

@_aandl_ I'm sure your broker would have checked before submitting the application if there was any doubt re criteria. If you want some reassurance, you could just ask them the same question.

Definitely something I will mention as I hadn’t mentioned universal credit to our mortgage advisor