Why are you looking for a mortgage on your own though? You can't leave out the fact that you have children as that will go to affordability.
1 - Just a matter of proving you can pay it back. Plenty of people with kids and mortgages. ☺1 - Is there any hard rules that says i cant get a mortgage or is it just a matter of proving that i can pay it back?
2 - Would a bank ever think that someone has potential to earn in the future? As a Software Engineer Graduate my salary is very likely to double in the next 4 years. In my company they give 55k to engineers with 4-5 years experience and i dont see why i cant work towards that role. Also my Partner will likely be on at least 20 - 25k in 4 years but nothing until then.
3 - Does having 2 kids heavily affect your chances of approval? I would have thought it would add more security to the relationship etc.. rather than being a disadvantage but maybe not.
Nothing religious about civil marriage and that would 'add more security to the relationship', as you put it, for all.Also about the partner relationship. We are together 12 years and have 2 young kids. We are not married because we are not religious in any way.
The kids make make getting a mortgage trappy and trasneoir's post makes a lot of sense. UB might be your best chance of approval for joint applicants with two dependants but I wouldn't over complicate an application with back to education talk; rather, partner is a stay-at-home parent so childcare costs are not an issue.Does having 2 kids heavily affect your chances of approval? I would have thought it would add more security to the relationship etc.. rather than being a disadvantage but maybe not.
Can't understand why you'd have children before getting a mortgage
Can't understand why you'd have children before getting a mortgage
Hope you have all your ducks in a row, if people wait till everything is in order and can afford kids they would be very few kids born. OP you have done well to go to college and have kids and get s job and OH going to college its pretty mad, would you not qualify for a coucil loan these are not to be snubed at and might be an option, banks are not great at the moment for people on low incomesCan't understand why you'd have children before getting a mortgage
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