Seiss Mortgage

Morning, can anyone please offer some advice. I have seen a lot of posts stating that I will not be accepted for a mortgage if I have received the last Seiss payment. Is this the case and will it make a difference to my mortgage application being accepted if I return the Seiss grant. 

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  • ACG
    ACG Posts: 23,616
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    I do not know every lenders stance on this, there may be 1 or 2 - but I do not know of any. 

    The problem is that the last SEISS grant you had to declare that your business had been negatively affected by covid. If your business is struggling it is difficult for a lender to accept your income. If your income is not needed, there may be lenders who will accept a joint application without your income being taken into account. 


    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Ok thank you. Do you know if it will make a difference if I hand the grant back. As I am still within the period to allow me to do that. 
  • K_S
    K_S Posts: 6,662
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    edited 29 June 2021 at 10:00AM
    Morning, can anyone please offer some advice. I have seen a lot of posts stating that I will not be accepted for a mortgage if I have received the last Seiss payment. Is this the case and will it make a difference to my mortgage application being accepted if I return the Seiss grant. 
    @danieldillo84 It depends on the specifics. Very generally speaking, if your business is up and running strongly and it can be evidenced, you should have options irrespective of the SEISS. Only a few lenders outright decline applicants who have taken a SEISS grant.
    Otoh, if your business was recently struggling then it may not matter whether your return the SEISS grant or not.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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