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What is a dependent and how does this affect your mortgage application?
What is a dependent and how does this affect your mortgage application?

A dependent is someone that relies on you financially. This person can be a child or adult and they can have various relationships to you.

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Written by April Stephenson
Updated over a week ago

A dependent is someone that relies on you financially. This person can be a child or an adult and they can have various relationships to you, but still be classed as a dependent. For example, they could be your child, parent, sibling or partner.

We need to take dependents into account when assessing your mortgage as we need to understand how many people are reliant on your income. This can also have an effect on the level of disposable income you have.

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