Buying a home as a single parent can feel like a daunting task, especially when you’re managing everything on one income. But with the right support, guidance, and financial planning, getting on the property ladder is absolutely achievable.

At Path Mortgages, we understand the unique challenges single parents face. Whether you’re starting fresh or moving on to a new chapter, we’re here to help you explore your mortgage options and make confident, informed decisions.

👩‍👦 The Challenges Single Parents Often Face

  • Single income can limit affordability in the eyes of some lenders
  • Childcare costs may be deducted from your affordability calculation
  • Deposit saving is often harder when you’re supporting a family alone
  • Time pressure, juggling work, parenting and finances can make the process feel overwhelming

But there’s good news: lenders are increasingly flexible, and there are government schemes and budgeting tips that can help make your dream home a reality.

🏡 Mortgage Options for Single Parents

1. Standard Residential Mortgages

Many mainstream lenders will accept single income applications, especially if you have a strong employment record, reliable income, and a good credit history.

💡 Tip: Some lenders accept income from child maintenance or benefits, such as Child Benefit or Universal Credit, as part of affordability.

2. Shared Ownership

Buy a share of a property (usually between 25–75%) and pay rent on the remainder. This reduces the size of the mortgage and deposit needed, making it more manageable on a single income.

3. First Homes Scheme

Offered by the government, this scheme provides discounted new-build homes to first-time buyers and key workers, including single parents working in essential services.

4. Lifetime ISA (LISA)

If you’re still saving, a LISA can give you a 25% government bonus on your savings up to £4,000 a year, ideal if you’re planning ahead.

5. Guarantor or Family Support Mortgages

Some lenders allow a family member to act as a guarantor or offer savings as security to help boost your borrowing power.

💰 Budgeting Tips for Single-Income Households

  • Be realistic about what you can afford – factor in not just the mortgage, but bills, school costs, and unexpected expenses
  • Use a mortgage broker – we can help you compare the right lenders for your situation and maximise your affordability
  • Keep your credit profile healthy – pay bills on time, check your credit report, and avoid unnecessary borrowing
  • Plan for stability – fixed-rate mortgages can offer peace of mind and help you budget monthly outgoings more easily