Remortgaging and becoming a single mum

manicmaggi

Do lenders treat single mums differently?

lemliss

Not really but at the same time kind of haha.
It goes off how many dependents you have. If there's 2 of you it's split between you but now it'll come down to just you if that makes sense. 

sammyjammy

manicmaggi said:

Do lenders treat single mums differently?

Differently to who?  Your circumstances will be looked at exactly the same as anyone else, income, dependants etc.

ACG

No, that would be illegal.
But that being said, you will see a difference. 

If you have 2 people working with 1 dependent, that is 2 incomes for 3 people. 
As a single mum you might only have one income and 1 dependent, which is then 1 income for 2 people. Your bills will not be much lower but your income will be a fair bit lower. You may receive benefits or maintenance to balance it out a little but benefit income is a little more complex, some lenders take some of it, some will take all of it, most will fall somewhere in the middle. 

Hoenir

manicmaggi said:

Do lenders treat single mums differently?

All applicants are assessed and judged on their own individual financial circumstances.