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DWP Benefit Income

Posted on 4 November 2011 by Martin


How can we buy the house that we live in? We are both on D.W.P benefits because we can not work any more.  Is there a way to do it?

Martin

In theory it is possible to get a mortgage when your only income is derived from pensions and benefits, but in practice I think it will be highly unlikely.

I recommend that you speak to a local mortgage broker, amongst the usual personal details they will also need to know:

Who your landlord is?

The type of property you live in and whether there are any restrictions to it's occupancy?

A break down of how your income is derived.

The amount of any savings you have towards a deposit and costs.

Peter

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