Future risks in mortgage acceptance if signing onto welfare allowance for a short period

[fozziedabear]

Hi

Quick ?

I'm currently a sole trader but have been going through a separation with my wife for the past while. The work understandably has dried up, and I wasn't as focused as I should have been on it because of the maelstrom I've just gone through.

I have 4 children, and am in need of advice, as I am currently looking and seeking employment as a necessity at this stage, but need to sign on for a month or so to help get through this period.

Before I sign on though, a thought occurred to me: I am not sure if in the far-far away future it might have an impact on a mortgage application, if i had signed on. I can't imagine why this would be the case or you would be penalised like this, but I guess it's no harm in checking.

Anybody know anything about this or come across this before?

Thanks in advance..

 

[Easel]

Banks have no way of knowing if you were ever on the dole and even if they did it shouldn't impact their decision to offer a mortgage.

In my experience all the bank require in relation to your employment upon application is;

1. evidence your job is permanent
2. a salary cert
3. your last 3 pay slips

All the best with the job hunt

 

[Monbretia]

As above, banks won't know about any social welfare payments automatically. They will be more interested in your income and past credit rating.

 

[fozziedabear]

@Easel and @Monbretia thanks so much for the quick replies, onwards and upwards...