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House Price Crash Forum


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About gribbitt

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  1. Hi, Was looking for some pointers or advice before throwing myself into a sea of credit searches and interviews with Mortgage brokers. I have the option to buy my parents house from them, property value is approx £115000. They are asking for £25000 from me, so effectively there's an £80000 deposit, or 70ish % equity within. My concern is that I am on a low wage of just under 10Kpa, but do receive working and child tax credits that put my total income at closer to £20kpa. My history is excellent over the past 10 years, with only 1 or 2 occasion late payments throughout, and these, down to oversight rather than neglect, no major outstanding credit or finance. Would a mortgage company class tax credits as part of income? would i likely be able to find a product. Really unsure where to start.
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