Santander affordability credit card payment double-counting?

redonion

Dave_Ham wrote: »

Why engage a mortgage broker and then get to this level of detail yourself?

Because there's no substitute for understanding, and because the brokers I've talked to don't know the answers themselves. I've chosen badly, it seems.

I recall another thread where the issue is lending limit is tight, so I understand why you are trying to establish this and I think AMN did address the question.

That was this thread, I think, no? But the issue is really not whether the limit is tight, but understanding the basis of the lending limit, and of what the calculator is really trying to ask / what their model is trying to do on this point.

Santander automatically assume debt levels will remain constant from pre and post completion and therefore any balance will be factored into affordability.

Whether you are happy or think their calculation is robust is largely irrelevant, as it is what it is.

I was trying to understand it.

Since my question and before reading the more recent responses here, I've been merrily spending on my credit card. It's almost as if I have lots of expenses from moving house, or something.

Kafka would have been right at home.

Poor show from your broker though.

Have you have a decision yet?

On what? The initial decision part came back good, as for the rest... if you want the horrible details, you can read about it in my posts! (I don't recommend it)

redonion

Dave_Ham wrote: »

Santander automatically assume debt levels will remain constant from pre and post completion and therefore any balance will be factored into affordability.

Again, this is interesting, but not the question I asked (everybody seems to think I asked it so I must have expressed myself badly). I asked about the repayment field (or perhaps something like ratio of repayment to debt), not the debt field.