Housing and independent living
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Mortgage possibilities?

artsfuturesartsfutures Member Posts: 9 Listener
Hello, does anyone have recommendations for a mortgage broker who understands disabilities, benefits and can advise Re mortgage possibilities? 
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Replies

  • woodbinewoodbine Member Posts: 3,735 Disability Gamechanger
    hi @artsfutures how are you today? Mortgages are difficult at the moment as many lenders have tightened up their lending criteria, and its never been easy to get a mortgage if your only income is benefits.
    The only suggestion I have is to find what is known as a "whole of market broker" they have access to a wider range of products than other brokers.
    A lot will depend on the size of deposit you have as well, with the best deals available to those with a 40% deposit.
    my advice is given freely and is correct to the best of my knowledge.
  • artsfuturesartsfutures Member Posts: 9 Listener
    Thank you very much indeed for your reply. YEs, I wondered if anyone knew of a particular firm, used to working on mortgages for those on benefits due to disability.
    All so very helpful.
    Best wishes
  • Ross_ScopeRoss_Scope Posts: 3,161

    Scope community team

    I have no knowledge in this area personally @artsfutures, but have you sought professional financial advice for this?
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  • Dack1967Dack1967 Member Posts: 12 Listener
    Hi this is what I’m looking for I have no mortgage it’s paid just looking to get enough to buy husband out then I can stay here as I say I’m not fit to move I’m very ill at the moment wanted me into hospital I refused I got treated for my mental health at home but said I need to see psychiatrist I have PTSD with my ex the things I can’t mention on here as they are off a certain nature he done to me on a regular basis abd also my grown up daughter I just want to buy him out be mortgage for 40000 to pay him off get court case over divorce that it done completley he’s a narcissist but say that he left me like a empty shell they always have there next victim lined up which he had xxxxxxxxx
  • poppy123456poppy123456 Member Posts: 22,218 Disability Gamechanger
    Dack1967 said:
    Hi this is what I’m looking for I have no mortgage it’s paid just looking to get enough to buy husband out then I can stay here as I say I’m not fit to move I’m very ill at the moment wanted me into hospital I refused I got treated for my mental health at home but said I need to see psychiatrist I have PTSD with my ex the things I can’t mention on here as they are off a certain nature he done to me on a regular basis abd also my grown up daughter I just want to buy him out be mortgage for 40000 to pay him off get court case over divorce that it done completley he’s a narcissist but say that he left me like a empty shell they always have there next victim lined up which he had xxxxxxxxx

    HI,

    It can be very difficult to get a mortgage if you're not working. I don't personally know of anywhere that you can successfully get a mortgage if claiming benefits. It will also depend on your personal circumstances and afordability.

    Good luck.
    Community champion and proud winner of the 2019 empowering others award. This award was given for supporting disabled people and their families for the benefit advice i have given to members here on the community.
  • woodbinewoodbine Member Posts: 3,735 Disability Gamechanger
    @Dack1967 just a thought does your grown up daughter work and live with you? if so a joint mortgage might be the answer, but as above "a whole of market" broker might be a good place to start.
    my advice is given freely and is correct to the best of my knowledge.
  • Dack1967Dack1967 Member Posts: 12 Listener
    Thank you a thank you everyone a few good tips I’ve been given on here great sire forum etc I certainly will be joining in on things on the site brilliant thank you all very much fingers crossed xxxxxxxx
  • bedBug98bedBug98 Member Posts: 4 Listener
    Hi I was in very similar circumstances to yourself but we had to move. luckily I found a broker who was excellent at Sirius finance Drew or Adam and they were able to get me a mortgage on benefits give them a ring Good luck with this and your health issues
  • artsfuturesartsfutures Member Posts: 9 Listener
    Thank you so very much
  • artsfuturesartsfutures Member Posts: 9 Listener
     Hello - I gave them a call. We’ll see!! But very very very super grateful for the recommendation. Very best wishes, stay well. 
  • bedBug98bedBug98 Member Posts: 4 Listener
    Thats great I borrowed double what you need over 12 years as I will be 70 then and that seems to be the maximum 
    fingers x for you 
  • artsfuturesartsfutures Member Posts: 9 Listener
    Such good news for you ... I called them and await a call back. So grateful. Though ... we really are xtra outside the box!!!
  • bedBug98bedBug98 Member Posts: 4 Listener
    edited January 12
    Another company that deals with mortgages for people on benefits 
    Together Finance 
    [Removed by moderator - phone number]
    just remember they all charge a fee 
    Good luck 
  • Tori_ScopeTori_Scope Posts: 4,010

    Scope community team

    edited January 12
    Hi @bedBug98! I hope you're well. Just to make you aware, I've removed the phone number from your post as it breaks our community guidelines

    Thank you for offering advice to artsfutures though! 
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  • bedBug98bedBug98 Member Posts: 4 Listener
    That’s ok 
    thanks for the info 
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