This is more a rant than anything, but I'd be ineterested to hear from anyone else on this....
So we are buying a new build house and just had meeting with mortgage broker.
We have Plenty in savings to cover fees, deposit and lots more, absolutely no debt, and based on our earnings we should be able to borrow MUCH more than we require for this house according to some mortgage in principle agreements we did 3 months ago.
We both work full time, and have saved hard whilst renting to afford a nice family home.
So despite all this, our £750 a month childcare costs reduce what a lender would give us by about 20k - and push us up to higher rates!
How is this remotely fair?? We work full time to afford a nice house and then are penalised for it!
He will be in school in two years so it will stop or drastically reduce soon - why oh why is a 3-5 year cost such a huge impact? Especially when that cost will stop and wages will very likely rise?!
AGH why don't we just both quit work and apply for a council house :-(
sorry sorry rant rant
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penalised on mortgage for childcare costs
35 replies
Pagetta · 13/01/2016 13:38
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