Hi,
Hopefully a straightforward query.
Most banks have a line with the below in the appliation form:
Are you aware of any known future changes to your circumstances which may affect your ability to repay the proposed mortgage?
We are a couple in our mid 30s with no children. We do plan on having children. Mortgage will be dependent on both incomes but my wife has full maternity pay in her T&Cs and has no intention of giving up her career so I don't see that it will affect our ability to repay the proposed mortgage.
So do we have to explicitly answer yes to this or do the banks just make assumptions regarding couples anyway?
Hopefully a straightforward query.
Most banks have a line with the below in the appliation form:
Are you aware of any known future changes to your circumstances which may affect your ability to repay the proposed mortgage?
We are a couple in our mid 30s with no children. We do plan on having children. Mortgage will be dependent on both incomes but my wife has full maternity pay in her T&Cs and has no intention of giving up her career so I don't see that it will affect our ability to repay the proposed mortgage.
So do we have to explicitly answer yes to this or do the banks just make assumptions regarding couples anyway?