Mortgage and FIS

S

snowglobe

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Wasn't sure which forum to post in, mods please move if needs be.

I am currently paying more in rent than I would be if I was paying a mortgage on a home of a similar value. I work and am in receipt of FIS. I have a sum of money coming my way, not huge but enough for a 15% deposit on a small house.

My question is this, would a lending institution even look at somebody who is on FIS or would they show you the door immediately? Obviously I have been paying rent for a few years now and so my ability to pay is not in question.
 
One of the problems you would face is that the bank would not take into account any income from social welfare, this would leave you to be assessed on your basic earned income and I presume that is not very high or you wouldn't be getting FIS.
 
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