Can you use Benefit Income for Mortgage Affordability Inc Child benefit Universal Credit
Channel: Niche
Date: 2021-11-25

Can you use “Benefit income” for mortgages? | Resident mortgage expert Mr Payam Azadi explores the opportunities to use Benefit income towards the mortgage affordability assessment | All the main Benefit incomes are covered included Universal credit, Child benefit, and Working Tax Credits; and the different approaches Mortgage Lenders take in their assessment.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY,IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply. Niche Advice are Independent Whole of the Market Mortgage Broker dealing with different types of clients buying properties all across the UK.

Some Buy to let, and commercial mortgages are not regulated by the Financial Conduct Authority.  

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets including some Bridging Loan products.

#BenefitIncome #ChidlbenefitMortgage #UsingBenefitsMortgage