Client Profile: A couple with a disabled child were facing the heartbreaking reality of being forced to move out of their current property. Despite their steady employment and savings, they believed securing a mortgage was out of reach due to their unique financial situation. A significant portion of their income came from Disability Living Allowance (DLA) for their child, and they had been told by other brokers that this wouldn’t be considered as part of their income assessment.
Feeling defeated, they reached out to Peter to see if there was any way forward.
The Challenge: The couple’s main concern was that most lenders wouldn’t accept the DLA as qualifying income, severely limiting their borrowing potential. With house prices rising and their current living situation becoming unsustainable, they needed a solution fast.
Our Solution: At Path Mortgages, we believe that every family deserves a fair chance to secure a home. We carefully assessed their financial circumstances and used our whole-of-market access to find lenders who were more flexible. After thorough research, we identified a lender that took DLA payments into account, treating it as part of the household income.
By including these payments, the couple’s borrowing capacity significantly increased, putting them in a strong position to move forward with their mortgage application.
The Result: Thanks to Path Mortgages, the couple was able to secure a mortgage that they had previously thought was impossible. The lender’s acceptance of DLA payments as income enabled them to stay in their desired area and move into a home suited to their family’s needs.
** Your home may be repossessed if you do not keep up repayments on your mortgage**
