Mortgage with Maintenance Income

• The client(s) have some form of employment or self employment
• There is a formal court order in place for the income
• The income has been paid for a minimum of 12 months

At RockHopper, when assessing a mortgage or remortgage using maintenance income, we are able to take a pragmatic view and consider maintenance income which does not have to be court-ordered, or paid for at least 12 months.

As maintenance income is paid tax free, some customers tell us they feel penalised by Lenders who insist on deducting tax when assessing how much they can borrow, since this often results in them being able to borrow less than they require.

At RockHopper, we can assist with assessing the mortgage on the basis that the income is, in effect, paid tax free.

Another major consideration is the period over which the maintenance is to be paid. Generally, it will have to last for the whole length of the mortgage if the income is to be used to assess affordability, however we may be able to substitute the maintenance income with other forms of income that the client will receive in later life, once the maintenance stops (e.g. pension).

At RockHopper, we look at all cases individually and assess each mortgage or remortgage on its own merits. Do get in touch if you want some assistance in obtaining a mortgage with maintenance income. We offer a free initial, no obligation, assessment to see if we can help you.