Do lenders take children tax credit or working tax credit into consideration when I apply for a mortgage?

Question

Do lenders take children tax credit or working tax credit into consideration when I apply for a mortgage?

Answer 1

No, they just take your gross income.  Children "off paper" can be a liability as far as mortgage companies go, because they are expensive.

Even though it isn't truly legal to do it on family status, each member of the family has a certain part put in the expense column, and they make kids really expensive.

Answer 2

No, they are not only not income but you can not count on the credit existing in the future.

Answer 3

Some companies do. We have recently remortgaged with Natwest and they used the tax credit i receive as part of my income. However i work for another high street bank and they don't, so it depends where you go.

Answer 4

No.  They just consider income sources.  Tax credits are not considered to be income sources.  

Answer 5

As far as I know, they do - I know that when applying for a mortgage I have been asked if I am receiving them, so why would they ask if they didn't take them into account?