I only earn a small amount, will I be classed as a dependent if we don't put it on the application?

Posted on 22 March 2013 by Emma


Hello, me and my partner are looking to buy our first house. He earns £20k and I am self employed. Is it possible to get a joint mortgage based solely on his salary. Will I then be classed as a dependent if my salary is not considered - I do not earn much about £5-£7k.

Emma,

If you don't put anything down for yourself and your employment, then yes a lender may assess you as a dependent. As long as you have accounts, or tax returns, then there's no real reason not to declare your income on the application. Although it may only be £5,000 - £7,000 it should only help the strength of your case.

If you'd like to see how best we can assist you, then please let me know and I'll arrange to put you in touch with one of our consultants.

Regards,

Simon

simon.collins@johncharcol.co.uk

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