leambi
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You should be able to qualify for some sort of mortgage, although most lenders do not offer this facility to people on benefits, you will probably have to have a decent deposit before they would even be able to consider your case, speak to some mortgage brokers to see what advice they can give you, they should offer advice for free and should not expect you to pay any money up front for a fee until your mortgage is in place. |
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alex
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What sort of a house can you buy in the UK for £78 per week? I take it you do eat as well? |
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Ankleboots
 |
maybe in council, they would accept it as what you pay as rent, and you get a discount taken off the price for the number of years you have lived in their property, banks well, they may um and are about it, ask you if you,ve investments, and the benifit offices dont pay your mortgages anymore, so if you fall behind, then the baliffs come so think seriuosly before being enticed into a huge financial commitment, many on this web would say yeah go ahead, but they are in jobs, many still at school, so think long and hard, get well try to return to work, and put money in thebank to save, then consider buying |
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idac123
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yes a neighbour of mine bought his house and he is on benefit he said that there is a mortgage company that do it as they class the benefit as a wage but it was a council house and he bought it under the right to buy so it was not a large mortgage |
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MRS NICE
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How can you afford a mortgage on ICB??
Used to work as a benefits officer so know it's not a lot of money... |
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burt p
 |
Unlikely if that is your only income. You can read VERY interesting advice and proposals here. http://real-estate-note-buyers.blogspot.com/2007/09/first-time-home-buyer.html
taken care of and faith! Good luck! |
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Hotstomper
 |
You may , if your income can suppor the repayments. Unfortunately it will probably not be through a recognised High Street Lender. Some Lenders will consider people on Benefits/have CCJ's etc but charge higher interest for taking the risk. Beware of hidden charges when dealing with these Lenders. Good luck |
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Nikko-Shonin
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Probably no....as income insufficient to make payments |
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Save Money Guide
|
Unlikely.
This type of mortgaging has been one of the main causes of collapse in the sub-prime market.
http://www.save-money-guide.com/debt.html |
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SUSAN B
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Probably with great difficulty while receiving any benefits,although it may depend on the amount of mortgage required and the amount of deposit you are able to place.Pop into your Bank and ask them, if you have been a good customer for a long period they may try to help. |
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tone
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If they are Soc. Sec. benefits, possibly, depending on the amount received, term, debt, credit rating, etc. Go to a loval bank and talk to a banking/mortgage specialist. |
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Knownow't
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Unlikely if that is your only income..... |
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sharon p
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NO!! some companies will accept child benefit as part of your income or a pension but that is it |
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Bob D
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probably not. Your income would be too low to qualify under income to debt load ratios. |
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Catwhiskers
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Probably not and rightly so. People who are out working are struggling to buy a house. You will get free rent and council tax so why would you want to buy?
People on benefits should not be allowed to buy houses out of taxpayers money. |
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D L
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if u think u can afford a house then u get too much.. probably got 2 cars and have at least 1 foreign hol a year too ?? i am a tax payer and we are supporting scroungers like you !
#
house be damned
i'd give u house
ps. look at the name 'a shame r' very appropriate |
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