Does the amount of dependants affect getting a mortgage

[CrumbliestCrumble]

2 dcs and want to save for a mortgage over the next 5 years.
But also want to ttc 1 more maybe 2.
We won't have things like childcare costs or maternity leave to consider as dh has his own business and a wfh for him.

We're undecided as to whether to get a house ( current rent and have enough space) then have more dcs or other way round.

Just wondering if a mortgage lender would see 3 or more dcs as a disadvantage compared to 2?

Yes i know there's extra day to day expenses with more dcs but no childcare and 95% of baby stuff, toddler stuff we already have

Yes, of course. It impacts affordability.

Yes it definitely goes down per dependant. I had a look online no dependants 4 times salary. 3 dc lucky to get 2.5 times salary. My mortgage is low compared to house value even with 80.% equity I would struggle to get current mortgage,

Yes, every additional dependant affects what you will be able to borrow.

Thank you. Definitely save before ttc then.

Yes it would be best for you to get a mortgage first then TTC another child.

Every additional child increases your expenditure, based on ONS

I've just declined a mortgage that was affordable with no children but when the 3 not disclosed children were included, loan no longer affordable

The thing is the bank doesn’t know you don’t need to use childcare etc. Realistically more dependents equals more risk re costs and affordability in the long-term even if it wouldn’t make that much difference to you now personally. But in terms of risk yes you’re working for him but what if the business goes under, you split up etc then it’s not inconceivable that you would need childcare if either of you needed a different job etc.

Your husband is going to work at home and care for three children at the same time? Not planning on getting much work done..............

Are you not planning on feeding and clothing these children, buying a car to take them round in, them ever doing any extra-curricular activities, taking them on holiday etc.....

He is a director of a successful business. Hes out of the house working Mon to Fri.
I do the admin side at home. I do this around the dcs already. And never had an issue with getting it done, even with sickness, school holidays etc as i can work in the evening if need be or dh comes home and will do if needed.
This has worked perfectly for us for years.

The only childcare the dcs have used is the funded 15 then 30 hours at pre school.

Sorry my OP was meant to say and I wfh for him.

It’s not about nappies and how much stuff you already have.

The calculations ask for how many dependants there are under the age of 18, or indeed over the age of 18.

Whether you input 1 dependent under 18, or 4 dependants under 18 - will very obviously and predictably lower the amount the lender will lend you.

Yes. And mortgage lenders have doubled the cost of living sums they plug in for each dependent in the last year too.