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Applying for mortgage when on sick leave
katieg231
Posts: 1 Newbie
Hi,
I'm hoping someone can give me some advice. We are coming into some money and will hopefully be applying for our first mortgage soon. I've just been signed off work with depression - do I need to be back at work before applying for our mortgage? I get 7 months full sick pay from my employer and I have been off for one month.
I would appreciate any help/advice on this.
Thanks
I'm hoping someone can give me some advice. We are coming into some money and will hopefully be applying for our first mortgage soon. I've just been signed off work with depression - do I need to be back at work before applying for our mortgage? I get 7 months full sick pay from my employer and I have been off for one month.
I would appreciate any help/advice on this.
Thanks
0
Comments
-
Hi
depends on who you are getting your mortgage with? And if your payslip states sick pay on it?
Even with receiving sick pay our lender wouldn’t lend until we had a full 37.5 hours ‘working’ back to work wage slip. And we had to get a letter from the employer to say ‘back at work’ with dates.1 -
They might insist you return to work first because some instances people do not return to work, sick pay eventually stops and affordability becomes a problem. Might be worth speaking with a broker.2
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