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
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
Hello and welcome to the community! As mentioned above it is quite difficult to get a mortgage if your main income is from benefits, although I don't think that should stop you from trying and having the ambition.
You might find this information page helpful, it gives some important points to consider, and recommends getting professional advice.
@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.
my advice is given freely and is correct to the best of my knowledge.
Replies
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
Scope community team
You might find this information page helpful, it gives some important points to consider, and recommends getting professional advice.
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