Mortgage for someone working 34.5 hours

[BlueCookieMonster]

Hello,

Hypothetically, would it be an issue for the main applicant on a mortgage to only work 34.5hrs a week?

Other applicant is carer for disabled children and has no income.

I'm aware that there are so many factors that go into an application, but broadly would this be an issue?

Thanks

Can't see why it would be an issue; the lender will be interested in your income and permanency of those hours regardless of the number of hours actually worked

Obviously the amount they'll be willing to lend you however will be based on your pro rata pay as per your hours but am assuming you know that!

Not in itself. Most lenders would consider that full time.

Hours are irrelevant
income is what matters
and affordability

Eh 35 hours a week is full time your pretty much there. All depends on income compared to how much you want to borrow.

Do you not claim carers allowance ? This would be classed as income also, although obviously not a lot. Some mortgage lenders will take disability benefits and tax credits into account also.

It's based on affordability not hours worked

No I get the affordability aspect, someone said to me recently that they'd need full time hours rather than what I was planning to do.

As for carers, we don't claim currently but are planning to put in an application.

Thank you for your answers, that's taken a load off of my mind.

Yes it's definitely based on the income not the number of hours

Hi BlueCookieMonster
Affordability varies from lender to lender.
Santander for example are good at accepting most Benefit income eg CTC WTC CB whereas some lenders dont accept benefit income to calculate ur Affordability.
There are other lenders that accept benefit income also and can accept a non perfect Credit History;
As you are not working you be classed as a Dependant & this also will have an affect on the Maximum Loan amount lender A,B or c would consider.

To be honest, I didn't think that they would include income from benefits etc. As for affordability, from what I have seen online we would be able to keep up with repayments (plus it would cheaper than renting currently).