Post by @well.financial

Single parents, recently divorced and first time buyers… what if you could get a bigger mortgage than your bank has told you This is why getting the right mortgage advice matters. Our client was a single dad with one goal: to buy a home with enough bedrooms so each of his children could have their own space. ❤️ His bank assessed him using his basic salary, and the amount they said he could borrow simply wasn't enough. But we looked at things differently. 🔎 We found a lender willing to take **100% of his eligible overtime** into account when assessing his income. That made a huge difference to his borrowing potential, allowing him to qualify for a mortgage based on up to 6 times his income, subject to the lender's criteria and affordability assessment. The result? He was able to secure a bigger home than he thought possible, with a bedroom for each of his children. 🏡❤️ And this is exactly why your circumstances deserve a proper look. If you're a **single parent looking to buy a home**, recently divorced and trying to work out your mortgage options, or a first time buyer struggling to borrow enough, don't assume your bank's answer is the only answer. Perhaps you're: 🏠 Buying your first home as a single parent. 💔 Looking for a mortgage after divorce or separation. 🔑 Trying to buy out your ex partner and stay in the family home. 📈 Looking to remortgage after a change in circumstances. 💷 Working overtime, earning bonuses or receiving regular additional income that your current lender hasn't fully considered. 👨‍👧‍👦 Trying to find a home with enough bedrooms for your children. 🏡 Wondering how much you can borrow on one income. Different mortgage lenders have different income and affordability criteria. The right lender for you will depend on your individual circumstances, income, expenditure, credit history, deposit and the property you're buying. **Your bank saying no doesn't always mean every lender will say no.** Before you rule yourself out of homeownership, it could be worth speaking to a mortgage adviser who can explore the options available to you. 📩 Get in touch with Well Financial to discuss your circumstances and find out what options may be available. Your life, better. ⚠️ Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage lending is subject to status, affordability, lender criteria and valuation. Borrowing multiples vary between lenders and are not guaranteed. Not all income will be accepted by every lender. Your individual circumstances will determine which mortgage products may be suitable for you. #SingleParentMortgage #SingleParentsUK #MortgageAfterDivorce #DivorceMortgage #MortgageAfterSeparation