Maternity Mortgages

Maternity Mortgages - leave can pose a number of difficulties for borrowers. Maternity pay is often lower than salaried pay and many lenders in calculating the affordability of a mortgage often wish to look back at income received.

These difficulties arise for women not only currently on maternity leave but also if they have taken it historically as a lender will often require a P60 for the last two years. We appreciate that this can cause mortgage borrowers some difficulties and that is why lender relationships often play a major part in obtaining approval on these cases.

Specialist Finance Advice

That is where our skills and lender relationships are essential.

We know our lender's criteria and we often know the underwriters. We will be able to speak directly with the underwriting team to ensure an holistic approach is taken to the lending decision. People do take maternity leave and the temporary decrease in income will later be remedied if a person intends to return back to work full time. The tick box approach would fail such applications, but by picking up the telephone and speaking to the lenders direct, we can often overcome any concerns.

At Capital Fortune, we work with a number of lenders willing to take a complete view on reductions in income due to maternity leave and we will advise you on the most accommodating lenders.

To discuss mortgages on maternity leave call us today on 0845 3 630 430 or Enquiry Online.

Contact Us

Capital Fortune
City Office

14 Nicholas Lane
London
EC4N 7BN

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The overall cost for comparison on residential mortgages is 4.5% APR. The actual rate available will depend on your personal circumstances.

There will be a fee for our mortgage advice, the precise amount will depend upon your circumstances but we estimate that it will be £995, payable £495 at the outset but refunded if your mortgage application is declined upon initial underwriting. The balance of our fee is typically paid on completion. Your fee will not be refunded should you withdraw from the process or not accept our recommendation. Ask your Advisor for confirmation of our fees which we will email to you in an Initial Disclosure Document (IDD). You can find further information on our Terms of Business here.

The Financial Services Authority does not regulate some forms of buy to let, commercial mortgages, secured loans, bridging finance, trusts and conveyancing.

Capital Fortune Ltd is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Services Authority. Capital FortuneLtd Registered office address: 14 Nicholas Lane, Bank, London, EC4N 7BN. Registered in England and Wales No. 05683249.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

The Financial Services Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, conveyancing or debt management.