📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Do Mortgage companies look at your spending habits?

Options
2»

Comments

  • teffers
    teffers Posts: 698 Forumite
    Part of the Furniture 500 Posts
    Here's my sitaution:

    I was accepted for a mortgage last year with Leeds BS.
    I have a salary account which then feeds my savings account (saving £500-£1K a month).
    I then pay my bills and put my spending allowance into another account.

    My concern was that I generally spend the majority of that on crap, takeaways, games etc etc. I was worried they would see that and not understand that was my expendable cash for the month.

    I explained that to my independant broker. Leeds BS asked for 6 months from that 'spare cash' account and 3 months from my salary account.

    Purchase fell through in the end (vendor) so I've just started an application with TSB so hopefully they'll be the same.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.