DP told mortgage advisor I was pregnant

[ForeveronEtsy]

I don’t know the ‘rules’ on this but I have read that I do not need to disclose? I am 6 months pregnant and we are applying for a mortgage. We had a mortgage in principle for £320,000. DP mentioned we had another child on the way and after updating our form they are only offering £215,880!
Obviously I know there would be a change but this seems like such a massive difference??!
Apologies if I am being ignorant as I am a first time buyer and this is all knew to me.
Any advice/experience much appreciated! What do we do now?

That's a bit of a stretch to suddenly infer that he is now financially abusive rather than just an idiot

I agree with you. It's a bit of a stretch.

@ThisIsStartingToBoreMe definitely not the case! He offered to put me on his mortgage but I chose to wait until we got a joint one (which is what we are doing).
Thanks @DaenarysStormborn

Sorry if I am being thick but is it better to get a mortgage approved before finding a property or after?? I have just done a MIP with Trussle and it says they search once you have found a property.
Feeling a bit rushed now!
We have 30 viewings on our house this weekend!

If you know you can still afford mortgage definitely don't tell them! We did the same, my maternity pay was full pay then back on same hours so we knew we could afford it.

Tell him to keep quiet at the next one 🤦‍♀️

You need the MIP to be able to put an offer on a house. No point looking if you’re going to have to wait on that to come through.

We’re in the process of renewing our mortgage and I’m still on maternity leave. Slightly different to your situation but I had to have a letter from my employer confirming when I started mat leave, when I’m going back and how much I’ll be paid.

Just remember, it's often a condition of your mortgage that your circumstances remain the same as at the time of applying.

@BeingATwatItsABingThing your name made me laugh! And sorry I meant putting the full application in. We have a MIP.

Lots to think about

[quote ForeveronEtsy]@BeingATwatItsABingThing your name made me laugh! And sorry I meant putting the full application in. We have a MIP.

Lots to think about[/quote]
Ah! I don’t know the answer to that then.

many years ago i waddled in to see a mortgage adviser heavily pregnant.

She knew, i knew she knew it was bloody obvious. I did not say it out loud, so we got the mortgage.

new mortgage adviser and he needs to keep quiet

As a PP said - you can get away without declaring pregnancy because nobody - you included - knows for sure what the outcome of that pregnancy is going to be. But once you actually have the child, it's a different matter. 6 months pregnant, not even sold your house yet - the chances are very slim that you'll be drawing down the mortgage before the baby arrives. And your circumstances when you draw it down is what the bank cares about - not your circumstances at the point of application. If you applied on the basis of one dependent and they found out you had two and withdrew the offer, you wouldn't have a leg to stand on. Do you understand the implications of that, if it were to happen between exchange and completion?

www.samconveyancing.co.uk/news/mortgage/can-a-mortgage-offer-be-withdrawn-after-exchange-of-contracts-6262

What was your DH thinking?!

I didn't tell the mortgage lender when moving house at 6 months pregnant because it was irrelevant as there wasn't going to be a change to our finances. I knew I would to return to work after maternity leave and my employers maternity provision is very good so I was on full pay for most of it anyway. I answered the questions asked, no lies told. It never occured to me that being pregnant could stop us getting a mortgage until someone mentioned it, because frankly that's discriminatory and ridiculous.

Can you challenge the decision on the basis of discrimination as presumably you are returning to work after maternity leave?
Also why is he saying you have more dependants than you currently do? The info given should be factual.

I don’t know @Throwntothewolves it doesn’t make sense to me really. Especially the contradiction between declaring future child now but not future child benefit. All a bit daft.
I get it if it’s after baby is born @PowerslidePanda and I would never declare 1 when we have 2. Thank you for the link.

Your mortgage company might do a final check before allowing you to complete so if you have given birth by that point, it might mean you don’t get the mortgage after all. So I’d advice looking for a broker and being honest; they should then look at a mortgage based on affordability rather than dependants. If it’s still too low and you are confident you will either have exchanged before giving birth or else you will still pass any final checks, you can use a different broker to see if they can offer you anything better.

@ForeveronEtsy

I don’t know *@Throwntothewolves* it doesn’t make sense to me really. Especially the contradiction between declaring future child now but not future child benefit. All a bit daft. I get it if it’s after baby is born *@PowerslidePanda* and I would never declare 1 when we have 2. Thank you for the link.

Do either of you earn £50k or above?

In all seriousness, OP, I'd declare. At 6 months in, you're unlikely to get everything done and dusted before baby makes an appearance and, as PP pointed out, that could lose you your deposit if it happens between exchange and completion and your mortgage lenders pull out as a result.

I'm buying a house on mat leave (post birth) and it's not made a difference really- you just need a letter from work to say what your wage will be on your return. I'd say honesty is the best policy.

@Egghead81close..but no!
Thank you @YellowGlasses and @Puntastic I think you are right. I would rather be honest than the anxiety of them pulling out. We have also since realised the figure we gave advisor for nursery fees was over inflated as he put us on the spot and we based it on when I worked full time (which I haven’t done for past 2 years now) so will take it back to him next week and reassess. It would be the favourable option if they can offer us more as we can then port the mortgage and avoid the fee. I still think the £100,000 difference is crazy!
Failing that I have a MIP from an online broker and will go with them.
This has all been so helpful.

I tried to remortgage 5 years ago and as soon as they took into account my DS, my offer was reduced to only a third!!! I remember the frustration well and despite proving my new mortgage would still be affordable for me (it would have been less than I was paying) the computer said no and that was that.
Thankfully at the time I already had our home so was able to stay with the same provider but I found it so unfair. However looking back I understand why they had to reduce their mortgage offer. Children are expensive. 5 years on he is getting more expensive lol and my wages haven't changed at all.
Try not to be hard on your DP, OP. He probably dropped it out innocently and the advisor was just being responsible and doing their job. Remember, though you can afford it circumstances can change so quickly.

Good luck

Thank you , I think it was a reality check for us aswell which can’t be a bad thing. I’m not mad at dp really, more frustrated at the outcome of it! Fingers crossed for better luck next week.

If you're struggling, work out how much you'd have to pay a childminder (the average hourly rate in you area is available from childcare.co.uk) and quote that instead. For us it was literally a third of the cost and it's only an estimate- you're not committed to anything. Also don't forget to calculate savings you can make through tax free childcare.

That’s a great tip, thank you!!