Before You Continue…

Our website uses cookies. By continuing to browse the site, you are agreeing to our Privacy Policy.

OK - continue
logo
Search for mortgage help
CALL US:  023 8098 0304
Mobile menu bars Close mobile menu
mortgage calculator mortgage calculator
request a call back Request a Callback
email us info@themortgagehut.net
call for mortgage advice chat online now
Search for mortgage help

Specialist Mortgage Help

  • First Time Buyers
  • House Mover Mortgages
  • Bad Credit Mortgages
  • Remortgaging
  • Equity Release
  • Self Employed Mortgages
  • Buy to Let Mortgages
  • Expat Mortgages
  • Commercial Mortgages

Useful Links

  • Home
  • Contact us
  • Mortgages
  • Mortgage Insurances
  • About Us
  • Customer Reviews
  • Refer a Friend Scheme
  • Expert Articles
  • News
  • Sitemap
  • New Build Mortgages
  • CIS Mortgages Explained

Privacy Settings

  • Privacy Policy

Getting a Mortgage on Maternity Leave

  1. Home
  2. Expert Articles
  3. Home Mover Mortgages

Is it possible to get a mortgage while on maternity leave?

Yes. It is possible to get a mortgage while on maternity leave, however it can be a little difficult compared to arranging a normal mortgage. Most lenders will consider the fact that your income during the year when you take a maternity leave will reduce significantly and therefore your affordability, i.e. the maximum loan amount that you can get, will be reduced. For example, if your normal annual salary is £50k but during the year when you take maternity leave this reduces to £30k, most lenders will assess your affordability based on £30k being your income.

However, there are various other lenders who would consider the full £50k as your income provided that you are able to furnish the following details from your employer to the lender:

  • Confirmation regarding your return after maternity leave
  • Date of you will return to work 
  • Confirmation that your salary will remain at least at the level prior to maternity leave 

Should I tell the lender if I am on maternity leave?

Yes. Whenever you apply for a mortgage, the mortgage application asks you to disclose any material change to your financial circumstances which may have an impact on your ability to repay the mortgage. Not doing so can be considered as a non-disclosure or mortgage fraud. Therefore it is important that you disclose that you are on maternity leave. If this is against the policy of the lender then they may reject your application.  However there are always many other lenders who will happily accept your application.

What is the difference between maternity leave and paternity leave?

There are no significant differences between maternity and paternity leave as far as your mortgage application is concerned. Both types of leaves should be honestly disclosed in full in order to prevent any issues in the future. Most lenders will operate the same policy for both maternity as well as paternity leave.

Should I tell the mortgage lender if I’m pregnant?

Yes. It is always advisable to disclose information about your pregnancy to your lender as you will shortly have one more dependent and your income may be reduced during maternity leave. This is a material change in your financial situation and your ability to repay the mortgage. Failing to disclose information can lead to further issues related to non-disclosure and fraud.

What is the most I can borrow on maternity leave?

The maximum loan amount in the case of arranging a mortgage during maternity leave will vary greatly from lender to lender. While some lenders may only consider 50% of your income to calculate your affordability, there are others who will consider 100% of your income. What needs to be done is to determine which lenders will consider 100% of your income and offer the highest multiple of your income when determining your maximum loan amount. There will be various lenders who will offer a maximum loan amount of up to 3-4 times of your income while other lenders may offer up to 5 times your income. 

Is it possible to get mortgage if I am self-employed and on maternity leave?

Yes.  It is possible to get a mortgage if you are self-employed and on maternity leave. However, this will depend upon the impact that your leave will have on the business. If your presence is essential for business income, it may be difficult to get a mortgage. However, if you have other employees who can handle the business while you are on maternity leave and the business income will at least remain stable, then many lenders will gladly accept your application. 

Is it possible to get a mortgage with bad credit while on maternity leave?

Yes. It is possible to get such a mortgage, however, your chances of obtaining a mortgage will also depend upon factors such as the recentness and severity of the credit issues. If you have had recent credit issues of a severe nature such as bankruptcy, mortgage arrears, repossessions, etc. then it may be difficult for you to obtain a mortgage. However, there are various specialist lenders who can accept your application even with such severe issues. A few of these lenders also offer mortgages with the LTV as high as 85%. Many of these lenders work only through a mortgage broker as it helps them to save a lot of time appraising improperly completed applications and applications which are most likely to be rejected. Therefore, it is advisable that you approach a responsible and experienced broker such as The Mortgage Hut in order to ensure that you get the best deal possible for your application.

To learn more about us and how we can help you achieve your mortgage goals, just get in touch with us at The Mortgage Hut.

Managing Director Nicola Schutrups
Home Mover Mortgages Expert Article by
Nicola Schutrups (Managing Director)
The Mortgage Hut

Looking for a Mortgage?

Find out if you're eligle in a couple of clicks, with no hidden credit checks.

Get Started

Related Home Mover Mortgages Information

  • Non-Standard Construction Mortgages
  • Housing market is staying open during lockdown 3.0
  • Mortgages for Older People
  • A Current Account Mortgage - the ins and outs...
  • Mortgages for Tier 2 Visa Holders
  • Mortgages for Single Parents
  • 10 Ways to Increase the Value of Your Home - The Mortgage Hut
  • Can I move house during the second UK lockdown?
  • Mortgages for Medical Professionals
  • Joint Tenants Vs Tenants in Common?

Looking for a Mortgage?

Find out if you're eligle in a couple of clicks, with no hidden credit checks.

Get Started

Follow us on social media for updates

  • Like us on Facebook
  • Follow us on Twitter
  • See us on instagram
  • Watch us on YouTube

Contact The Mortgage Hut

Head office address of The Mortgage Hut
SOUTHAMPTON (HQ)
14 College Place
Southampton
Hampshire
SO15 2FE
Head office phone The Mortgage Hut
023 8098 0304
Head office email The Mortgage Hut
info@themortgagehut.net
Contact Us

The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

The Mortgage Hut Limited. Registered Office: 14 College Place, Southampton SO15 2FE Registered in England Number: 07629941

Contact Us

Important Information

  • The guidance and advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.
  • Some products are not regulated by the Financial Conduct Authority.
  • Please note that The Mortgage Hut is not responsible for the accuracy of the information contained within any linked sites accessible from our website.
  • Your home may be repossessed if you do not keep up repayments on your mortgage.
  • There may be a fee for mortgage advice.
  • The actual amount will depend upon your circumstances.
  • The fee is up to 1% and a typical fee is £748.

Data Protection & Privacy

You voluntarily choose to provide personal details to us via this website.

Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998.

You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

When you use our website, we access your device/computer to set cookies and collect data.

We do this so it works, is secure and delivers the best browsing experience.

We also collect data to study how people use our site and help us improve our services and tailor our marketing.

For more information see our Privacy Policy.

back icon
close icon

Specialist Mortgage Advice

Mortgage Advice

Mortgage Advice
Get Started
Mortgage Advice

Mortgage Advice

Remortgage Advice

Remortgage Advice
Get Started
Remortgage Advice

Remortgage Advice

Buy to Let Mortgage

Buy to Let Mortgage
Get Started
Buy to Let Mortgage

Buy to Let Mortgage

Is the mortgage for your home or a business venture?

Residential Button Residential Hover Button
Buy To Let Button Buy To Let Hover Button

Are you buying or remortgaging?

Residential Button Residential Hover Button
Buy To Let Button Buy To Let Hover Button

Have you found a property yet?

Yes Button Yes Hover Button
No Button No Hover Button

Is the property house or a flat?

House Button House Hover Button
Flat Button Flat Hover Button

What is the property’s estimated value?

£

Deposit amount or equity?

£

Have you got any adverse credit?

Yes Button Yes Hover Button
No Button No Hover Button

What types of adverse credit?

Next Button Grey Next Button Blue Next Button White

What is you combined annual income (before tax)?

£

Sourcing Mortgages…

Nicola Arbon

“There's a reason why over 500 clients rate us as Excellent.”
Nicola Arbon, Managing Director and Mortgage Guru

Green Tick

Congratulations, we've successfully found you multiple mortgage options.

Next Button Blue Next Button White

Please enter your name to send you the results

Please enter the best email to send you the results

What is the best number to reach you on?

What day & time best suits you?

Next Button Blue Next Button White

Thank you

logo

A member of The Mortgage Hut team will review your enquiry & we’ll be in touch to discuss in more detail & to advise on the options available to best suit your needs.

Head office phone The Mortgage Hut 023 8098 0304