Income

Benefits

For Co-Own, Co-Own for Over 55s and Rent to Own we will consider certain types of benefits as income, these are listed below.

  • Pension – both private and state pensions
  • Working Tax Credit
  • Child Tax Credit – For up to 2 children in the household if they are aged 14 and under at the time of application.
  • Pension Credit
  • Employment and Support Allowance (ESA)
  • Disability Living Allowance (DLA)
  • Personal Independence Payment (PIP)
  • Incapacity Benefit
  • Child Benefit – For up to 2 children in the household if they are aged 14 or under at the time of application.
  • Universal Credit – can consider child and disability elements (if available).
  • Maintenance – we may accept maintenance payments from a former partner for up to 2 children in the household aged 14 or under at the time of application. This may be a private arrangement or court approved. You must provide evidence of the amount and payment history.
  • Foster Income

In addition to the above benefits, for Co-Own for Over 55s we also accept Carers Allowance.

Sorry but we do not accept Housing Benefit as other income.

Please note that if applying for Co-Own or Rent to Own and your income is heavily reliant on benefits or other unearned income, we recommend that before applying you speak with a Financial adviser / lender as your type of income may impact on your ability to get a mortgage now or in the future.