1st time mortgage

randombetas

Hello all did post on a other bit  of this forum but was advised to post it here, my wife and I are looking for our 1st mortgage but we have a few questions,

1. We have no to very little deposit at the moment so are looking at a 1% deposit one or the Skipton track rate mortgage will this hinder us?

2. My wife is being made redundant her last day is sometime Feb but she's getting a pilon payment and leaving in December & then getting 9 months redundancy in Feb would this hinder us applying for a mortgage (was going to use most of the redundancy as a deposit but not sure how that would work as I'm only on about 22k year how they'd be able work out how much I be able to borrow (my wife is actively looking for work at the moment.

3. Will they look at both accounts when deciding on if we're eligible for a mortgage (I pay my wife every 4 weeks when I get paid my half of the bills) as they all come out of her account.

4. Are P60s better then a monthly wage slip as proof income (just worried as being paid 4 weekly I get 13 paydays a year)

5. Will it affect our application if we're claiming Universal Credit & will they ask for statements?

 6. If I have shares in a work save as you earn scheme (not matured or fully paid into) do they take that income into account also paying into a company pension?

7. Will they lend to os we're 44 and 45 this year will this affect us, I realise the lending term might have to be less.

8. If we get a Dip what kinds of information do they need to know to approve your application?