Child Benefit & Child Tax Credits

Many lenders will take Child Benefit & Child Tax Credits as a form of income which will help with you getting a mortgage. Particularly if you are working part time to accommodate the children, this can be a little top up to your salary.


Have a listen to the 60 second clip and if you need to know more get in touch via email Your home may be repossessed if you do not keep up repayments on your mortgage.

Hello and welcome to today’s 60-second snippet into the mortgage world, today’s subject is child benefit and child tax credits.

Now when you’ve got a child you can be in receipt of these. Lenders can acknowledge these in terms of your affordability. The lenders will all have different criteria on how much they will take into account because some people might be thinking ‘well it doesn’t last forever’.

You’re right, it doesn’t but lenders, when deciding their criteria will look at the bigger picture and when your children get older, you’ll go back to work full-time so just because you think that you have child tax credits and child benefit that a lender won’t acknowledge it and the times not right speak to someone that can look at your affordability and let you more what is available to you.

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