Are tax credits considered in mortgage application

Posted on 26 April 2018 by Patricia

Do any mortgage companies take into account tax credits?

Hi Patricia,

The good news is yes there are a large number of Lenders, including some of the largest names on the High Street, that will take both Working Family and Child Tax credits. The majority of these will take 100% of its value, although there are some who will only count 50 - 75%.

When assessing affordability Lenders have to look at your ability to meet the repayments over the whole term of the mortgage and will normally want to see some form of earned income in addition to the Tax Credits.


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