Maternity /Self employed and RTB

rtbbuyer

Hi everyone. I would be greatful if anyone could advice/share experience.

I am working part time on £13 000 a year salary. 
My husband is Self employed with income of £22 000 (Inc 6k grant) for 20/21 and £25 000 for 21/22 . 
We are planing to apply for RTB and wouldn't worry very much about getting mortgage but I just found out that I am pregnant ( due late December ) and not I am not sure how hard it may make for us to obtain for mortgage 
The house value is £200 000 , after discounting will be £114 000. We have around £20 000 for deposit. My total payments from Maternity will be £8 000 and then I would go back to work .
Our credit scores are very good and we don't have any debts or anything on credit  

Based on the figures would it even be possible to get a mortgage for about £100 000 for a term no longer than 20 years .
 Many thanks for any info. 

K_S

@rtbbuyer Based on the limited info in your post, you should be able to get what you need.

With regard to maternity, as long as you intend to go back to work on the same terms and your employer is willing to confirm the same (not all lenders will require this), you should be fine to consider your income. The lender will also want to know about potential childcare arrangements/costs which may have an impact in your borrowing.

The SEISS grant should be fine with the right lender that will not deduct it from profits.

rtbbuyer

@K_S Many thanks for your response. 

May I also ask , do all lenders deal with RTB mortgages ? 

Also with RTB for LTV is the discount taken into account ?If the house value  is £200 000 minus discount and deposit £100 000 = £100 000 will the LTV be 50% ? Thanks.
Sorry I am all new to this. 

K_S

@rtbbuyer

- No, not all lenders offer RTB mortgages but most mainstream lenders do.

- Yes, in most cases the LTV is based on the market value. Most RTB lenders do not require any personal cash deposit, some do.