Buying a house when pregnant - mortgage implications

[gardenlady1]

Hi there

My partner and I are looking to buy a house with 5% deposit between Jan and June next year. However, I'm currently 9 weeks pregnant (would be due early Jan).

I've been reading up and bit worried about implications for our mortgage - both for getting approved and repayments being high. I'm lucky that my work pays full pay first 6 months of mat leave, so hoping this may help. We earn over £100k combined, have rented together for 4 years, paid on time.

Any experience of this greatly appreciated

You'll need to be getting your full pay for the 3 months of bank statements they'll want to see. This may last up to 3 months then they'd want more up to date ones.

They'll reduce your affordablility after birth.

You should make every effort to buy before birth.

I got a mortgage while pregnant. They asked me do I expect any changes in income for the next 12 months, for example parental leave. I said no, because my parental leave is at full pay. Mortgage approved.

We put in an offer at the start of August, I was due end of September. Of course there were delays so we moved in days before christmas. We never even told them.

We applied for a mortgage a few days before I was in hospital to be induced. The mortgage broker asked for a letter from my employer confirming the start date of my Maternity leave, planned return date and confirmation that there would be no change to my salary. We completed on our house when DD2 was 7 weeks old

Thanks so much for all help on this so far.

We're just weighing up our options, does anyone know answers to these at all:

If we were to move before baby arrived, what Qs would mortgage lenders ask employer? Is there a chance they could find out about pregnancy that way?

How does it work with life insurance and mortgage lenders? Life insurers would I imagine realise I'm pregnant from medical records but do the mortgage lenders see the details of insurance? Or they ok with proof you've got it?

Thanks so much again

The mortgage company doesn’t ask anything of your employers - they just want to see the payslips.

As for life insurance, just wait until you’re in the house to buy it. We meant to set it up two years ago when we moved, life got in the way but I’ll do it soon!

Thank you! That's interesting on life insurance, I thought you had to have that when sign mortgage?