Forum

Mortgage on disability benefits

Hi,

I’m wanting to move to be closer to family plus my home no longer works for me. I have a mortgage broker who is looking at lenders that are willing to lend when my only income is benefits. I have had some quotes but wondered if anyone else has managed to get a mortgage at competitive rates.

Thanks christine

Hello Christine.

I was always under the impression it was a combination of income and age. I know that my mortgage provider want me paid up by the time I’m 65. A broker should easily be able to give you your options.

I had a quick look:

Best wishes, Steve

Thanks Steve, yes it should be about affordability and age to pay the loan back.yet so many lenders won’t accept benefits as income. It also been looking at lifetime mortgages where income is nit the main factor.

Thanks christine