Im 6 and a half months pregnant, I start my maternity leave in 2 months and I am going back to work full time when my baby is 6 months old, Will I be accepted for a mortgage as I am currently renting for 550.00 per month pluss bills c/t ect and hate that it is just 'dead money'!
2006-09-13 10:36:49 · 11 answers · asked by Leesa 2 in Business & Finance ➔ Credit
yes my partner would pay the difference for the 6 months as he is full time and i'd also get maternity benefit which is around 108.00 per week plus working tax cred ect.
2006-09-13 10:43:38 · update #1
well I went to bank today and have been accepted with my partner joint application of £102,000!!!
2006-09-14 02:54:59 · update #2
yes you will as the mortgage company will want to know what your annual salary is and you are still considered as employed even although you are on maternity leave.
2006-09-13 10:45:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You'll have to apply to find out. We know nothing of your creditworthiness here and could not possibly give you an accurate answer.
I can say that your being pregnant has nothing to do with the issue. They can't even ask you questions about that and I wouldn't volunteer anything. If you'll have enough money coming in during your maternity leave to make your payments, just go for it.
2006-09-13 17:42:47 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Well it's hard to tell based on the info you provided. A lot of things play into getting "approved" for a loan. Your credit, how much you make, your debt to asset ratio, and how much you can put down will all determine that. Talk with a lender and get pre-approved. Ask him to check all he can in depth so you have a good idea before the underwriting starts if you will get funded!
2006-09-13 17:42:04 · answer #3 · answered by tj F 2 · 0⤊ 0⤋
If you have a savings that would cover the payments for that amount of time, it should be no issue.
If you dont, and just plan to rely on a spouses income, it could certainly be possible that they are leery....but I think there are laws about this? Do some research. They shouldn't be able to discriminate.....but maybe taking 'unpaid' leave affects that.
BTW, I dont think you have to tell them you are taking 6 months. Say you are taking what your PAID leave covers.
2006-09-13 17:41:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Shop around on the net for your mortgage. My guess would be yes, you would be accepted by some - refused by others. the Nationwide would be a good bet.
2006-09-13 18:06:36 · answer #5 · answered by Mike10613 6 · 0⤊ 0⤋
go to http://www.moneysavingexpert.com and ask the same question there they offer lots of other sound advice go to chat to find the forum. its a site worth checking out The guy who the site belongs to is the money advisor on GMTV and has had a BBC show
2006-09-13 17:44:16 · answer #6 · answered by sarah090182woodhead 2 · 0⤊ 0⤋
Apply online at www.surefirefinance.co.uk they will then let you know what is available to you, they helped me with a mortgage and previously a secured loan.
2006-09-14 09:25:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes you should as long as you have ok credit
2006-09-13 17:54:45 · answer #8 · answered by Bri Bri 1 · 0⤊ 0⤋
as above
2006-09-13 17:59:13 · answer #9 · answered by Anonymous · 0⤊ 0⤋
If this is joint, you should be okay.
2006-09-14 08:29:56 · answer #10 · answered by scallywag 4 · 0⤊ 0⤋