AIBU to think I'm never going to be able to save enough for a house.

[WhoWhatWhereWhen]

When Universal credit is introduced anyone with more than £16k won't qualify, I need much more than that for a mortgage deposit, I'm screwed.

I can sort of understand the outrage but it remains a fact that tax credits are taken into consideration as income for mortgage purposes.

Very short-sighted imo given their nature, the current government and that children will be adults well before the average term ends.

OP is working and is able to save because she is sacrificing her privacy and independence. She is also raising a child on her own. And that brings its own challenges. It is very difficult to set boundaries when loving GPs want to over-indulge a DGC, believe me. I didn't live with my parents but it is hard when it's two v one. Fine if you have two strong parents but a nightmare else.

My XH has four estranged children including my DD. He has bounced from JSA to ESA to being a "student" for the last ten years and in all that time he has been living with and has been supported by XMIL. No food bills, no utilities, no cleaning products, doesn't even have to buy a razor - it has been sheer pocket money.

He has fuck-all saved and no hope of a job. He is almost fifty.

Why are questions not being asked about men like this? I don't see it anywhere - not here in these debates and not in government policy.

Sorry, missed my point!

JSA for example is supposed to be the minimum that an adult can live on. Why shouldn't someone (XH) who doesn't have to buy the things listed in my previous post get a reduced amount?

When the men who father children and go home to live with Mummy whilst doing fuck all are penalised then I might support reduced tax credits for women who are doing two jobs.

Reading the whole thread, I don't think everyone understands that OP is referring to WT and CB only! Most people with preschool children earning less than 40k (I think! It may be more) are entitled to this benefit as it balances child care costs! I'm a single mum and pay rent of 1k and childcare costs of 1.5k. Without WTC it would be impossible to actually get to work and/or have a roof over our heads!

Yes episode I made that mistake somewhere in the middle as I was getting confused

Don't understand.

If you have 20k say, then that's 80% mortgage on a 100k prop or 90% on a 200k.

You already have the deposit. Congrats. Happy house hunting.

Cumfy
The op will also need the money for all the fees and other costs involved plus mortgage companies are tough these days. You need large deposits

Plenty of people who aren't entitled to any benefits at all don't have a hope in hell of buying.

But they won't be eligible for shared ownership or other first time buyer schemes either if they earn 'too much'.

Maybe you could do one of them.

Although if you have over 16k already it doesn't sound like you actually need a scheme to help! You're in an exceptionally good position compared to many.

WTC and CTC were not considered benefits in the same way that job seekers allowance and income support were.

I know a young couple who have both always worked, the mother has two jobs and they have been saving for a house deposit since the birth of their eldest son 9 years ago. I know that they have £50k (an inheritance is also included in this amount) as my friend told me that she applied for a mortgage recently and was turned even though they had a sizeable deposit. They have lived very frugally and have never had a holiday.

This change is going to have a negative impact on lots of young working hard families in similar situations.

If people begrudge families on low incomes receiving top-ups from the state then perhaps you should all be campaigning for a higher minimum wage.