Child Maintenance & Mortgage

stressedette

Am getting different answers from mortgage brokers re: whether or not child maintenance is included as part of income / affordability calculations for mortgage. Any insight here? 

Kids are under 5. Maintenance agreement is informal, kids dad transfers me £500 per month, but no court order or CSA. Evidenced by bank statements. 

Nationwide, for example, states in their Mortgage Proofs under maintenance, "Please provide your most recent 3 months of bank statements showing a maintenance payment for each month" - which seems to indicate they would include it. 

Estate Agent Mortgage Broker seems to think no issues, his system says yes. But at the risk of being ageist(!) he looks fairly young / inexperienced. 

Experienced, recommended independent mortgage broker says absolutely no chance this maintenance would be accounted for in my mortgage application, with any lender. 

Any insight here? Know there are a few brokers on the board! 

Grumpelstiltskin

You have posted on the wrong board.

Go across to this board.

Mortgages & endowments — MoneySavingExpert Forum

sourcrates

I will move it for you.

ACG

Some lenders will accept it, some wont. 
To say an outright no is wrong. As you have said, it looks like it fits with Nationwide (from memory I think this would be ok with them and fair few other lenders). However one thing to note is that compliance can vary from company to company. So the other broker could be useless in this case or it might be that his compliance does not allow it - however he should be telling you that rather than making out it cant be used. 

I have a lad who works for me, he is still a trainee and in his 20s. He is one of the most thorough and methodical people I have ever met. The only thing preventing him being signed off as competant is lack of experience. He is better than some brokers I know with 10-20 years under their belts. Stop being ageist haha.