Housing and independent living
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I currently rent, but would like to look into getting a mortgage. Any advice?

SystemSystem Posts: 519

Scope community team

This discussion was created from comments split from: Mortgage?.
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  • EstelleWoolleyEstelleWoolley Member Posts: 2 Listener
    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 
  • janer1967janer1967 Member Posts: 9,238 Disability Gamechanger
    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


  • Ross_ScopeRoss_Scope Posts: 3,228

    Scope community team

    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.
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  • woodbinewoodbine Community Co-Production Group Posts: 3,785 Disability Gamechanger
    @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.
  • EstelleWoolleyEstelleWoolley Member Posts: 2 Listener
    Thanks for your advice everyone :) 
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