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Do some mortgage lenders take into account permanent lifetime benefits?

Last post Sun, May 22 2011, 10:52 AM by gray78. 2 replies.
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  •  Sun, May 22 2011, 10:52 AM

    Re: Do some mortgage lenders take into account permanent lifetime benefits?

    thanks thats good news, my wife has been signed off permanently and I have a disabled son and we live in a house that is not really suitable for him.

    Thanks for the advice

    • Post Points: 5
  •  Sun, May 22 2011, 8:11 AM

    Re: Do some mortgage lenders take into account permanent lifetime benefits?

    Yes, they will take it into account but only if it is permanent.

    Lender will normally only take a benefit into account if it is a permanent award. benefits such as Disability Living Allowance, or Incapacity Allowance or Industrial Accidents Awards and for some lenders Carers Allowance

    Incapacity is not accepted by all lenders and in order to prove the benefit an original award letter must be provided.

    They will also usually take into account Child Tax credits, Working Tax Credits (not childcare element) and some lenders now take child benefit too.

    Just go and speak to your local mortgage adviser (not a banks adviser) and he will be able to go through it all with you and then place you with the best provider.
    • Post Points: 20
  •  Sat, May 21 2011, 11:55 PM

    Do some mortgage lenders take into account permanent lifetime benefits?

    Hi, as above do some banks take into account benefits when working out how much to loan? In my partners case it's been signed off for life. FYI i am in full time work so it would be a joint thing

    If so does anyone know of any lenders?

    • Post Points: 20