Foreign income and mortgage affordability check

whatIwanttoknow24

I am retired and a substantial part of my pension benefits is in euros. When I speak to mortgage brokers/bank etc. I get different answers to the question if my pension benefits in euros is taken into account to determine the affordability of a mortgage. Some yes (albeit sometimes partial) other say no. Has anyone any advice/experience/ etc., I am confused. Thank you  

born_again

Different lenders may have different stance on how they deal with these payments. Hence different answers.

Best bet would be to stick to a broker, who has access to a far wider marketplace, unless you find a bank who is happy to take the pension as income & gives you a offer you are happy with.

kingstreet

Typically, some lenders will accept non-Sterling income, subject to an exchange rate "haircut"; while others won't accept such income at all. It varies and as suggested above, a decent broker should be able to get you the best terms with the right lender.