Who are the best lenders to approach for a mortgage when you are unemployed?

PamelaQ1888

I've heard that there are some lenders who will give you a mortgage when you are unemployed; where is the best place to start?

PamelaQ1888

Oops. I meant to post this in Mortgages & Homes. Can I delete this and post it there instead? Or close this and post there?

Ebe_Scrooge

You'll probably struggle, to be honest.  Income will be a key driver, and whilst things like benefits, pensions, whatever can legitimately be declared as income, the question of affordability may be a sticking point.  That's not to say it's impossible - your best bet will probably be a broker who will have more of an understanding of which lenders are likely to be you best chance of success.

PamelaQ1888

Ebe_Scrooge said:

You'll probably struggle, to be honest.  Income will be a key driver, and whilst things like benefits, pensions, whatever can legitimately be declared as income, the question of affordability may be a sticking point.  That's not to say it's impossible - your best bet will probably be a broker who will have more of an understanding of which lenders are likely to be you best chance of success.

Thank you. 

PamelaQ1888

Please consider this post closed. I'm going to repost it in Mortgages & Homes where I meant to post it in the first place. Sorry about that.

MovingForwards

Unemployed and on UC as a single applicant, no.
With partner working, UC to top up income, yes.
PIP / DLA etc some lenders, depending on award length and time already on them.
With partner working, PIP / DLA, larger lending pool.
Full State pension doubtful.

You've not provided enough info for anyone to provide meaningful replies.

If you repost on the mortgage board you'll have to say benefits, how long, mortgage amount, deposit amount, rough age, any kids / dependants, debts, what credit history is like eg late / missed payments, defaults, CCJs, IVA, bankruptcy and how many / how long ago.

PamelaQ1888

MovingForwards said:

Unemployed and on UC as a single applicant, no.
With partner working, UC to top up income, yes.
PIP / DLA etc some lenders, depending on award length and time already on them.
With partner working, PIP / DLA, larger lending pool.
Full State pension doubtful.

You've not provided enough info for anyone to provide meaningful replies.

If you repost on the mortgage board you'll have to say benefits, how long, mortgage amount, deposit amount, rough age, any kids / dependants, debts, what credit history is like eg late / missed payments, defaults, CCJs, IVA, bankruptcy and how many / how long ago.

Thank You. That's a really thorough and helpful reply.

Sncjw

Very much doubt it as they will need income to know you will can pay the mortgage monthly. You will he risking losing your home if you can't pay