Mortgage help for single parents uk

Follow I was torn to shreds in the pub late yesterday evening after I suggested that if I had my time again, I would be a single mother rather than a career girl. From the perspective of my bank balance at least. My concerns come from being able to see close hand how single mums can manipulate their status to their financial advantage as two of my best friends fall into this category. Her income also includes child maintenance from the father and child benefit.

Mortgage help for single parents uk

Some are available to all single parents. Others are dependent on income and other circumstances. Universal Credit Universal Credit is the new benefit that is replacing a range of previous benefits. Council Tax Benefit and Housing Benefit Housing Benefit and Council Tax Benefit can be paid if you are on a low income, whether you are working or whether you are claiming benefits.

If your income has reduced due to ill health or disability, you may become entitled to Housing Benefit and Council Tax Benefit or you may be paid at a higher rate than you were getting before.

Contact your local authority to make a claim. If you have a spare bedroom your housing benefit may be reduced, learn about Bedroom Tax. This can include help towards ground rent, some service charges and interest on loans for essential home improvements.

You must have been claiming one of these benefits for at least 13 weeks before you can start to receive help with your mortgage interest.

When you make your claim for these benefits tell Jobcentre Plus that you also want to claim help with your mortgage interest. They will send you a form to fill in and take to your mortgage lender, who will complete it and send it back to Jobcentre Plus.

Working Tax Credit If you work at least 16 hours a week, but on a low income, you may be entitled to claim Working Tax Credits. If you claimed Working Tax Credit before being absent from work due to ill health or disability, you can continue to claim it for up to 28 weeks.

Header Right The following guide explains the financial support that could be available to single parents and how they can access it.

If you did not qualify for Working Tax Credit before, you may qualify if your income drops when you are on sick leave. To qualify, you must have worked at least 16 hours a week before your sick leave.

Statutory Sick Pay This is paid by your employer for up to 28 weeks for a period of sickness lasting four days or more. Some employers may also pay you occupational sick pay on top of this as part of your contract of employment. You must provide a medical certificate to your employer to get Statutory Sick Pay.

Other benefits you could claim If you claim income support you may also be able to claim the following benefits.

Universal Credit

Some of these benefits are also available to single parents who are not on income support. If you used to claim tax credits as a couple, tell HMRC about your change in circumstances straight away. Housing benefit is available if you live in private rented, local authority or housing association accommodation.

If you get income support you should also get council tax benefit to help with the rest of the bill. Apply at your local council or at the same time as claiming income support. This is called a discretionary housing payment. You do not have an automatic right to these payments; it is up to your local council to decide.

If you can, get advice before you apply. You can also get free help if you claim child tax credit and your income is under a certain limit. These are paid in periods of very cold weather as defined by the government.

Some income, such as child maintenance, is not counted. Contact the education department at your local council.There are many programs to help single moms obtaining a mortgage and get assistance. The Best Mortgage Programs for Single Mothers. BY The Lenders Network. income can be stressful.

Housing and Mortgages for Single Parent Families

Getting approved for a mortgage as a single Mother is difficult. Luckily, there are options for single parents when it comes to getting a home loan. While being a single parent can be challenging in many ways — and life as a single parent can be expensive — it doesn’t make home ownership impossible.

However, given the right house, the right mortgage, and a few strategies, many single parents can afford to become homeowners. Home / Information / Benefits / Financial Support for Single Parents At present.

it is only running in certain areas of the UK, but will be rolled out across the country.

Purpose of this Guide

Council Tax Benefit and Housing Benefit. Help to pay mortgage interest. Mortgage; Home Mortgages; Help for Single Moms to Buy a House; Help for Single Moms to Buy a House. By Allison Martin Financial Coach. In some instances, single mothers give up on their dream of owning a home because of financial constraints caused by only having one income.

Although national programs catering to single moms are not available. There's a type of common question about FHA home loans that involves whether there's any special help for some FHA loan applicants such as single parents.

Is there any assistance for people who need down payment help or lower mortgage payments? Paying mortgage as single parent - help please (17 Posts) Add message | Report.

Mortgage help for single parents uk

Notnastypasty Mon Feb With the mortgage I could get and any equity from the house I couldn't even afford a one bed flat. I have already applied for single person discount on the council tax. As far as I know my ex has to stay on the mortgage as I.

Home Loans for Single Moms: Mortgage and Home Buying Help