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Getting a mortgage while on disability benefits

Has any one got mortgage while on benefits or disability benefits??

I just been accepted for decision in principle 

and I’m down as unemployed and when asked what my preferred occupation I put down homemaker as it didn’t have disability benefits..

I should be classed as retired as I’m long term disability but I want to start permitted work with esa. 

Maybe slowly try move into full time employment.. 

Any success story’s?? 

Comments

  • housebuyer143
    housebuyer143 Posts: 3,173
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    Many lenders accept PIP as a source of income but that alone isn't going to have you earning enough to be able to afford a house? 
    What is your total income and can you afford a place near you?
  • Lostsoul13
    Lostsoul13 Posts: 31
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    I was thinking hold scheme or home share buy scheme around my area… 

    Ive been accept in principle but still to get to actual application…

    I have deposit of 15500 keeping in line with benefits saving cap 

    I been approved for 68k mortgage 

    that plenty for a house around my area .. 

    I have about 2000 a month if I work that will be 2500 a month part time permitted work-

    if I go full time I’ll be eating about 2500-800 a month with pip 
  • FlyMeSomewhere79
    FlyMeSomewhere79 Posts: 119
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    edited 10 January at 10:44AM
    How do you earn 2500 a month as a part time worker that has currently been an unemployed homemaker? That's some seriously executive wages!

    I'm struggling to get my head around your situation, even the terraces in the roughest part of the northern town I live in are around 90k, how deprived an area are you living in that has houses for £68k yet can pay someone who has been long term unemployed as a home maker a monthly salary bigger than most peoples?

    Difficult to advise when it all sounds a bit odd. 
  • FlyMeSomewhere79
    FlyMeSomewhere79 Posts: 119
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    edited 10 January at 11:00AM
    Have you actually told the mortgage people that you are on benefits because they need to know this, very few mortgage lenders will give mortgages to people on benefits according to the internet. 

    You need to declare this before you could misconstrued as committing some kind of fraud.

    In fact the reason benefits wasn't on the drop down when you initially applied is likely because that lender doesn't lend to people on benefits. 
  • kingstreet
    kingstreet Posts: 38,615
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    This outfit offers mortgages for the disabled on shared ownership;-

    https://mysafehome.info/

    No recommendation intended. Information only.
    I am a mortgage broker. 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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