Protection Plan Income

Posted on 22 February 2011 by Brian Leggat


Is it possible to get a mortgage when your income is based on an income protection plan taken out before I had to stop working for health reasons?

Brian,

This will depend on a variety of factors including: how long the protection plan will pay out for, how much you want to borrow and how much deposit you are able to put down.

I believe we should be able to assist you. Please call on 0344 346 3672 and tell the consultant the date of your question, they will look at your situation and advise you accordingly.

Peter

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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