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standing orders

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stevefen23

stevefen23 Posts: 30 Forumite

16 March 2012 at 9:24PM in Mortgages & endowments

Hi

I am looking to apply for an hsbc mortgage in the next few months,i have no loans or credit cards anymore,i have paid these all off.I have a standing order for £370 a month into my mothers bank account,will this be noted as a "credit commitment"?

Thanks

Steve

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Comments

Thrugelmir Posts: 89,546 Forumite

16 March 2012 at 9:31PM

Commitments don't have to be credit related. Owning a horse for example. If your bank statements are looked at , questions may be asked.

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stevefen23 Posts: 30 Forumite

16 March 2012 at 10:33PM

Thanks,thats going to reduce my mortgage offer quite a bit.

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Thrugelmir Posts: 89,546 Forumite

16 March 2012 at 11:28PM

stevefen23 wrote: »

Thanks,thats going to reduce my mortgage offer quite a bit.

In your interest not to be over extended with debt.

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