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  • FIRST POST
    • kimbroolay
    • By kimbroolay 10th Oct 18, 4:39 PM
    • 6Posts
    • 1Thanks
    kimbroolay
    Mortgage Lenders & Tax Credits
    • #1
    • 10th Oct 18, 4:39 PM
    Mortgage Lenders & Tax Credits 10th Oct 18 at 4:39 PM
    Hi everyone,

    I have been turned down by a few lenders due to the cost of my childcare despite receiving tax credits for a large chunk of that cost. Does anyone know of any mortgage lenders that definitely accept tax credits as an income?

    Childcare is the only barrier

    Many Thanks
    Kim
Page 1
    • ACG
    • By ACG 10th Oct 18, 6:50 PM
    • 17,651 Posts
    • 9,445 Thanks
    ACG
    • #2
    • 10th Oct 18, 6:50 PM
    • #2
    • 10th Oct 18, 6:50 PM
    Most will to some extent but it may not be the full 100%. You should really check these things before applying. Call them up. Too many credit checks can affect future applications, you do not want to find you are failing credit checks due to too many applications as that will make the job even harder.
    I am a Mortgage Adviser
    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.
    • scotgal30
    • By scotgal30 13th Oct 18, 10:29 PM
    • 53 Posts
    • 21 Thanks
    scotgal30
    • #3
    • 13th Oct 18, 10:29 PM
    • #3
    • 13th Oct 18, 10:29 PM
    Have you been applying through a broker? They are the best people to advise you.

    I received a mortgage offer using my child's maintenance from an ex partner and child benefit (the one everyone gets) for my 2 boys as part of my income.
    • kimbroolay
    • By kimbroolay 15th Oct 18, 1:46 PM
    • 6 Posts
    • 1 Thanks
    kimbroolay
    • #4
    • 15th Oct 18, 1:46 PM
    • #4
    • 15th Oct 18, 1:46 PM
    I have gone through a few brokers who have done a search. unfortunately they were unable to help. Both have said that the childcare cost is the only thing stopping me.

    (I should have said in my original post that I haven't actually applied)

    Bw
    Kim
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