has anyone successful got a mortgage while on benefits

happyfella

i would like to know if anyone has successful got a mortgage when only on benefits and a pension

SO, for example one person has full pip, and universal credit and the other has a pension

poppy123456

It's not easy but it's possible. Your age may go against you too. I found some links that may help. https://www.expertmortgageadvisor.co.uk/mortgage-help/mortgage-on-benefits/

https://www.onlinemortgageadvisor.co.uk/income-types/mortgage-on-benefits/

https://www.moneyhelper.org.uk/en/family-and-care/illness-and-disability/getting-a-mortgage-if-youre-ill-or-disabled

woodbine

Most lenders want to see borrowers re-pay a mortgage by the time they are 70 so any applicant under say 55 would at best get a 15 year term, and if sole income is benefits then it's very difficult, using a "whole of market broker" can sometimes help.

calcotti

Much harder for anybody to get a mortgage at the moment with lenders pulling lending at the moment because of the turmoil in the financial markets triggered by the government.

Tori_Scope

Are you looking to get a mortgage @StanMoller? 

Welcome to the community, by the way!

woodbine

I would disagree with saying that people who are pensioners can get a mortgage as most lenders want the loan repaid by the age of 70, it's not impossible for someone on benefits but it is very difficult and would probably require a substantial deposit.