Does Universal Credit count as income for a mortgage?

[mum8408]

Anyone found they could count that (eg around £800/month from UC) as part of their income for an application? I've heard some lenders will count it, but maybe only a percentage of it, and you must be receiving it for a period of time.

Obviously not talking about a loan part, towards an existing mortgage payment.

Nationwide accept tax credits so would imagine they accept UC.

Contact London and Country they will go through your income and tell you exactly what is accepted by lenders.

Might be a daft question but are you counting the rent element in that £800 as obviously that will stop when you get a mortgage, or do you already have a mortgage and are just re-mortgaging?

This would be for if I'm applying under the 'living free with family' category. With 1 child and 16hr work it's about £1350/month combined.

Sorry I've no idea what that means ?? How will you get a mortgage working just 16 hours ?

that plus UC, I imagine it would be a small mortgage

There is a percentage that can be from benefits. Like I said give London and Country a ring.

Nationwide consider a percentage of other earnings such as UC and child maintenance

I'm with natwest, they took my TC into account and weirdly didn't take my childcare costs into consideration at all.