Is it possible to count working family levy credit as income when applying for a mortgage.?
Answers:
most commanly the answer is no but it also depends on the bank criteria and demand
Yes some lenders will count tax credits as income also child benefits, however you still need at lowest 10% deposit.
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The answers above are for guidance only and should not be acted upon without you reception professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please be in motion to http://www.unbiased.co.uk Source(s): Bob Riach, Riach Independent Financial Advisers
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It is sometimes the mortgage provider will class tax credits as income but the way to find out is to thieve your latest award notice to you mortgage provider along beside any other income details and ask them and they should be able to advise you if they do or don't class as income, hope this help
I couln'dt say. You could always fix up an appointment with HALIFAX BOS, and ask them. I found them very willing when applying for my mortgage.
I don't know, but the lender will want to see your due return for 2008, and your latest pay stubs to verify your income. They will also check the credit bureaus to see how you both touch credit.
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