LynAnne
Mum to 2 Boys
- Joined
- Nov 22, 2012
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DH and I are looking to buy a new house in the coming months but I'm really anxious about getting a mortgage. We currently own our 2 bed flat but our situation has changed a lot since DH got the mortgage for this place. Firstly, it's only in DH's name as we weren't married at the time although I've lived with him the entire time. We now have two sons and I am currently a SAHM but plan on getting back into the workplace once the boys are in nursery/school. DH has a decent (not fantastic) wage and therefore we get Child Tax credits. Now that we have the boys we've simply outgrown our flat and really want somewhere with a garden that they and the dog can play in.
What are the chances of us getting a joint mortgage with me essentially being on tax credits and unemployed? I know that some lenders will accept tax credits as income but I'm worried that because I'm not working they will be funny about giving us a joint mortgage or will only agree to a really small amount that won't let us buy a house. I've never had a credit card or taken out loans (beside my student loan) so I don't have a credit score.
We've got a meeting with our current lender on Saturday but the anxiety of it is killing me. Any advice?
What are the chances of us getting a joint mortgage with me essentially being on tax credits and unemployed? I know that some lenders will accept tax credits as income but I'm worried that because I'm not working they will be funny about giving us a joint mortgage or will only agree to a really small amount that won't let us buy a house. I've never had a credit card or taken out loans (beside my student loan) so I don't have a credit score.
We've got a meeting with our current lender on Saturday but the anxiety of it is killing me. Any advice?