Cashback Remortgages · Eligibility
Applying for a Mortgage on Parental Leave
You can apply for a mortgage during parental leave, but lenders assess your income and return-to-work plans. Approaches vary between lenders.
How income is assessed
Many lenders use your contracted (return-to-work) income with confirmation from your employer, rather than reduced leave pay. Some are more accommodating than others, and childcare costs may be considered.
Being clear about your return plans helps.
What helps
An employer letter confirming your return date and income, plus payslips, supports the application. Advice helps find a lender comfortable with your situation.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.