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I currently rent, but would like to look into getting a mortgage. Any advice?
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Hello all. I am 35, single, living with a long term disability of which I receive the disability component of Universal Credit, plus the housing component, and PIP. I currently live in shared, rented accommodation but I would like to secure a more stable future for myself and look into the possibility of a mortgage. Does anyone here have any advice? Many thanks. Estelle
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Hi @EstelleWoolley
Welcome on board
Unfortunately you will struggle to get a mortgage if your only income is benefits
Lenders are reluctant to lend as benefits can be stopped
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EstelleWoolley said:Hello all. I am 35, single, living with a long term disability of which I receive the disability component of Universal Credit, plus the housing component, and PIP. I currently live in shared, rented accommodation but I would like to secure a more stable future for myself and look into the possibility of a mortgage. Does anyone here have any advice? Many thanks. Estelle
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@EstelleWoolley hi, it's never been impossible to get a mortgage when all your income is from benefits, just more difficult, since the pandemic lenders have tightened up their criteria, I mentioned above trying a "whole of market broker" they often have access to more lenders than most brokers would have.Be extra nice to new members.
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Thanks for your advice everyone
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