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BaAsKa 
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 Topic: mortgage lenders - do you think??....
Posted: 19 August 2008 at 9:00pm |
....they will include a disability allowance into our income???
how about our acommodation suppliment???
Im stressing my bum off at the moment!!  it doesnt help that i have already fallen in love with a house that is an awsome value! 
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mummy_becks
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Posted: 19 August 2008 at 9:00pm |
Accom yes they do as that helps pay for your mortgage. As the other i'm sorry I don't know.
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I was a puree feeder, forward facing, cot sleeping, pram pushing kind of Mum... and my kids survived!
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Two Blondinis
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Posted: 19 August 2008 at 9:04pm |
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if it's a guarenteed income then they would have to take it into consideration?
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AnnC
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Posted: 19 August 2008 at 9:07pm |
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disabilty allowance can go towards your income if it is a regular payment/income (like sickness benefit, chil isability allowance etc...)
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Ann
Also Mum to Josh (15) and Brooke (10)
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BaAsKa
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Posted: 19 August 2008 at 9:08pm |
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We have a review in 3 years for the disability so i guess its guaranteed till then??
How would they know how much acom sup to account for seen as it will go up quite a bit when we buy???
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AnnC
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Posted: 19 August 2008 at 9:09pm |
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they can only go on what you get NOW what you might get in the future.
best to get in touch with the bank/place where you plan to borrow from
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Ann
Also Mum to Josh (15) and Brooke (10)
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ohanlon82
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Posted: 20 August 2008 at 12:34pm |
not to sure but i do know of a friend that gets a disability allowance and it was not taking into account when they went for a mortagage (ASB Bank)
best to talk to your bank about it
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caliandjack
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Posted: 20 August 2008 at 7:07pm |
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have you thought about going through a broker, as not all banks will lend in that situation, whereas a broker will find a lender to best suit your needs
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  [/url] Angel June 2012
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busymum
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Posted: 20 August 2008 at 7:13pm |
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Ask a broker, I'm pretty sure they'd be able to include both - and WFF if you get those too.
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AnnC
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Posted: 20 August 2008 at 7:58pm |
We get a child disability allowance an for our mortgage (BNZ) they took it into an account.
On the broker side not all banks deal with them so you don't always get the best deal
Did you get someone to do the figures for you though today so you can sleep easy 
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Ann
Also Mum to Josh (15) and Brooke (10)
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BaAsKa
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Posted: 21 August 2008 at 2:34pm |
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minik8e
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Posted: 21 August 2008 at 2:36pm |
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Errrr uh.....really??? My gosh, I hope it doesn't mean anything for the existing Welcome Home Loans!!! Sorry, selfish thought there.
How do you find SBS otherwise?? Also, remember that there are other banks that offer the Welcome Home Loan.
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BaAsKa
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Posted: 21 August 2008 at 2:47pm |
 minik8e wrote:
Errrr uh.....really??? My gosh, I hope it doesn't mean anything for the existing Welcome Home Loans!!! Sorry, selfish thought there.
How do you find SBS otherwise?? Also, remember that there are other banks that offer the Welcome Home Loan. |
nop i dont think it will affect the existing ones. SHe didnt tell me much because she didnt know much but she said that its a problem with the head office so they arnt giving out anymore of those loans which is what worries me! 
Im finding them to be great so far! She is lovely and very helpful!!
The only thing about going to another bank is the mark on my credit record so far i havnt heard anything good about the other banks in terms of accepting people with tarnished records...
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minik8e
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Posted: 21 August 2008 at 2:56pm |
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Hrmmm true. We approached Westpac (well, the mortgage broker did) and they flat out said no, but that wasn't Welcome Home Loan. TSB Bank are quite strict with their lending criteria. Possibly Kiwibank? They do Welcome Home Loans. As long as it's paid, it shouldn't be tooooo bad.
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BaAsKa
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Posted: 21 August 2008 at 3:00pm |
Yeah iv heard Westpac are hard as well as TSB.
I was thinking kiwibank may be the way...i just hope we can make it in!! im praying my butt off for it!!!
I originally went to mike pero to enquire but he basically said i was wasting my time! so i just went straight to SBS.
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minik8e
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Posted: 21 August 2008 at 3:13pm |
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Really???? That's who we went through, but our local guy of course. He was fantastic, worked his butt off, especially when we had 5 working days to get our finance approved, and we had to get a valuation in that time as well!!!
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BaAsKa
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Posted: 21 August 2008 at 9:56pm |
he was all keen until i told him that we had 1 mark against our credit rating and he scoffed and said "well you dont have much chance then"
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minik8e
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Posted: 22 August 2008 at 8:23am |
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LOL well we had more than one I'm afraid, and got approval from the second lender that he approached. Any other brokers round your area?
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caliandjack
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Posted: 22 August 2008 at 8:26am |
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Try Mortgage Link we used them and didn't have any trouble, and I have a Baycorp record against my name.
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[/url] Angel June 2012
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kezplanet
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Posted: 22 August 2008 at 10:37am |
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I agree, try another broker, sounds like he just didn't want to do any work and there are lots of brokers around. Good luck!!
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Kerryn, Mum to
Ashlyn(29/3/04), Anastasia(1/11/05) & Abigail (24/02/09)
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mortgage lenders - do you think??....
firstly i may not even be accepted and secondly i may not make it in before the monday cut off!!