Hi All
Would be grateful for a steer on the following situation
1. Partner A lives in her Aunts house who is very sick in Nursing Home, along with Partner A is her Partner and their young daughter. They are not married. Aunt has made will leaving house to Partner A
If Partner A’s aunt passes away in next year (She is Terminally Ill) she will have to pay a tax bill of approx 200 k on house, now 3.5 times her salary bring her to approx 160 k and would have savings close to covering entire bill HOWEVER the issue is creche fees, with them being accounted for her mortgage approval drops significantly which means she will not be able to cover tax bill even though she could easily afford 50% creche fees and her mortgage repayments.
As it will be a single mortgage application as it is to pay her own tax bill is there any way that if she got her partner to pay full creche fees from his account which he is happy to do without remuneration from here on out that when she applies for her mortgage she can declare on her application that yes she has a dependent child but does not have a liability for creche fees, meaning she would get the standard 3.5 times her salary ?
Thanks
Would be grateful for a steer on the following situation
1. Partner A lives in her Aunts house who is very sick in Nursing Home, along with Partner A is her Partner and their young daughter. They are not married. Aunt has made will leaving house to Partner A
If Partner A’s aunt passes away in next year (She is Terminally Ill) she will have to pay a tax bill of approx 200 k on house, now 3.5 times her salary bring her to approx 160 k and would have savings close to covering entire bill HOWEVER the issue is creche fees, with them being accounted for her mortgage approval drops significantly which means she will not be able to cover tax bill even though she could easily afford 50% creche fees and her mortgage repayments.
As it will be a single mortgage application as it is to pay her own tax bill is there any way that if she got her partner to pay full creche fees from his account which he is happy to do without remuneration from here on out that when she applies for her mortgage she can declare on her application that yes she has a dependent child but does not have a liability for creche fees, meaning she would get the standard 3.5 times her salary ?
Thanks