Nationwide affordability question

missdrexie

Hello,

As a Nationwide customer already I'd like to borrow more and usually have around £1000 per month spare to save/spend, the additional payments on the extra borrowing would be £300 per month.

Over the last 4 months I have used what's left of wages to buy furniture/new front door etc. As these are one-offs I'm not concerned about affordability but will Nationwide look at the bank statements and think I have no spare cash? Will I be ok to apply now as these are explainable, or should I not spend on extras and apply in 3-6 months?

Any advice would be gratefully received!

stephenni1971

What you describe is discretionary spending. They are looking more at regular commitments ie:things you have to pay every month like HP, loans etc

Just to add you should look at other lenders as well - you may be able to get a better rate elsewhere. Maybe not but worth trying.

missdrexie

Thanks Stephenni you've stopped me worrying! I'll go ahead and give them a call.