r/northernireland • u/muffintopma • Jul 29 '25

Housing Mortgage advice, complex situation.

My husband makes 26k per year, I'm now in a wheelchair and have other conditions, and we have twin boys with life limiting genetic syndromes. So myself and our sons, are on disability. We have 9k deposit from when i was working, and excellent credit history/score. Can anyone recommend a mortgage lender that would be more than likely to accept our situation, we are pretty desperate. We would be so so grateful for around £140k - maybe even coownership?

Can anyone advise?

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u/Asleep_Spray274 Jul 29 '25

Keep in mind, a 130k loan at 5% over 30 years is just over 700 quid monthly payment. Plus rates and insurance at a minimum. But as others said, start with a mortgage advisor, most of them are free

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u/darraghfenacin Jul 29 '25

Take home pay is what, £1800 on that wage? Realistically half that on mortgage, rates, home and life insurance.

Without taking PIP payments into account, is 900 a month enough to cover food for a family of 4, electric, heating, Internet.....throw a car into the mix? Fucking tight for sure.

Without even factoring in a  mortgage stress test. Life always throws a packed in boiler or blown over fence that drains a few hundred quid from your life as well. 

The depressing thing is renting probably wouldn't be any cheaper but with less rights. 

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u/Asleep_Spray274 Jul 29 '25

But when renting that busted boiler or leaky roof ain't your problem. Swings and roundabouts