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Could I get a mortgage on my DLA benefit which is indefinite?

DLA benefit is for life. Would I get a mortgage on this benefit at all? Thanks, Kim

Asked on Aug 22 2014, Home Finance in Stoke-on-Trent | Report content

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  • My daughter managed to get a mortgage and she is on DLA but she does work 22 hours a week as well. I think its your total disposable income that will be considered not how it is made up.

    Answered on Aug 22 2014, Report content
  • Hi Kim, It may be possible, depending on several things: your income, your outgoings, the price of the property you want to buy, your credit rating...the list goes on. The best thing to do is speak to a mortgage broker who will search for a mortgage suitable for you based on your affordability. Using the information you provide, a good mortgage broker will look for a lender who is willing to lend to people with similar circumstances to you. Remember though, that no lender can lend to you if you do not pass their affordability criteria. This is a regulation put there to keep people safe, to stop people from buying properties they can't really afford. Do not start applying for mortgages (or any form of credit) willy-nilly with the hope that one will be accepted - this could have serious consequences on your credit rating, as too many credit searches in close proximity to one another can make lenders nervous that you're 'desperate' for cash. I recently wrote an article about applying for a mortgage whilst in receipt of state benefits. I have linked to it below:

    Web reference:

    Answered on Nov 10 2014, Report content

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