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Which lenders accept benefits
LauraJane
Posts: 8 Forumite
I work full time, my partner has a mental disability and claims Employment and Support Allowance.
I know some lenders will accept ESA as income. Some lenders like Virgin accept 100% ESA.
I have searched the internet and cannot find a list of lenders that will accept 100% ESA. Without approaching each lender I thought I'd ask the community.
Thank you
I know some lenders will accept ESA as income. Some lenders like Virgin accept 100% ESA.
I have searched the internet and cannot find a list of lenders that will accept 100% ESA. Without approaching each lender I thought I'd ask the community.
Thank you
0
Comments
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Use a broker0
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@laurajane I don't think you'll find an up to date and accurate list like that on the internet.LauraJane said:I work full time, my partner has a mental disability and claims Employment and Support Allowance.
I know some lenders will accept ESA as income. Some lenders like Virgin accept 100% ESA.
I have searched the internet and cannot find a list of lenders that will accept 100% ESA. Without approaching each lender I thought I'd ask the community.
Thank you
If you want to research lender criteria yourself, just Google "<lender name> for intermediaries criteria" and look for the allowable income section along with any associated criteria. I wouldn't rely on what the frontline staff tell you over the phone, it's often inaccurate.
Alternatively, speak to a broker and see what they say. This MSE guide here will help you find one.
https://www.moneysavingexpert.com/mortgages/best-mortgages-cashback/#step3
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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Thank you for your helpK_S said:
@laurajane I don't think you'll find an up to date and accurate list like that on the internet.LauraJane said:I work full time, my partner has a mental disability and claims Employment and Support Allowance.
I know some lenders will accept ESA as income. Some lenders like Virgin accept 100% ESA.
I have searched the internet and cannot find a list of lenders that will accept 100% ESA. Without approaching each lender I thought I'd ask the community.
Thank you
If you want to research lender criteria yourself, just Google "<lender name> for intermediaries criteria" and look for the allowable income section along with any associated criteria. I wouldn't rely on what the frontline staff tell you over the phone, it's often inaccurate.0
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