Advice needed!

[Munz]

Hi, I'm really in need of some advice... my partner and his sister took out a fix term mortgage 2years ago which is ending in April this year. I lost my job in October and currently on Maternity Allowance and due to marry in Feb. His sister wants to take her name off the mortgage as she can no longer commit, my question is how do we try and get a mortgage together when I'm only on Maternity allowance, are there any government benefits that would help? I'm due to have my baby end of feb so looking for work is a bit out of question

 

[Samsgirl]

Hiya....There are a lot of lenders who will not take any benefits into account when assessing income and so it's very likely any lending will be based on your partner's income alone.

It would be worth going to see an independant mortgage advisor as they can look at the whole market and if they have good experience, they will be aware of which lenders are currently taking any benefits into account when looking at affordability. Good luck...

You can get things started now....which would be better and then if you can change lenders (and at the same time remove his sister) then this can be ready to do in April....

xx

 

[Munz]

hi samsgirl, thanks for replying, I thought as much being on benefit it wouldn't be taken into consideration...
independent mortgage advisor may have to be the next step. god I feel stressed out and it's the last thing I thought we'd have to worry bout. I'm considering getting advice from citizens advice bureau? any things worth a shot

 

[Samsgirl]

Yeah they will be able to help too x