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What counts as a financial dependant

Hi,

Can anyone enlighten me as to what counts as a "financial dependent" for mortgage purposes? I am divorced with 2 kids who I have 50/50 care over. My ex receives all the financial benefits that go with that and I don't pay her any child support, due to the equal care split.

However, for a mortgage application, what would I put for a financial dependent? Would it be 2 as I have 2 kids? Would it be 0 as my ex gets all the financial benefits? Would it be 1 as I have them 50% of the time?

Does anyone know for sure what I should be putting?

Comments

  • dunstonh
    dunstonh Posts: 120,999 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Anyone that relies on you financially.

    However, for a mortgage application, what would I put for a financial dependent?
    Your children would count as 2 financial dependents as you have 50/50 care and you spend on them during that period.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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