We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage application & childcare costs
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Hi, my son is going into full time school in September, so my childcare costs will be £80 per month instead of £232 happy days. When applying for a mortgage in August (I am not paying anything that month as he's at families for the 6 weeks) should I put the £80 or the £232 as all my bank statements will show the higher amount. I could always ask the school for an invoice for September to show them the upcoming costs? Obviously this will have a huge impact on affordability. Thanks.
0
Comments
-
Put the £80 down.I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0 -
I would agree, put the £80 down, however double check with the lender. Some lenders will ignore the £80, others may be realy fussy and want evidence it is dropping - its best to know upfront so you can be prepared.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
-
When we applied we told them what we pay at the moment, but our son is 2 years away from going to school.
I must say I sometimes cant wait for my son to go to school.
Currently pay £760 a month, when he goes to school childcare should be about £250 a month. It'll be like getting a 500 quid a month pay rise :rotfl:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards