Child Care Deductions

Childcare cost can be expensive, but you can still be eligible for a mortgage even with this monthly outgoing? 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.

Welcome to todays 60 seconds snippet into the mortgage world and today’s subject is Childcare. Childcare costs could cripple you. It’s not cheap to have your child looked after while you go to work. So when you’re applying for a mortgage, this will be taken into account but we all know or I do, I have two children, that childcare costs aren’t forever and there are lenders out there that will understand that won’t penalise you because you’re paying heavy childcare costs or have childcare deductions on your payslip forever. You need to speak to someone that, when doing an affordability calculation on your circumstances can truly tell you how the lenders would see you in terms of affordability and what you can afford to borrow. It’s not forever. It’s a cost that we all pay, but you need to know which lenders are going to suit your circumstances the best.

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