Affordability Checks

toc25

We went to Natwest, they looked through about 3 months of bank statements. Marking off the stuff that we have to pay (can't get rid of) and stuff that we could get rid of if we were struggling. She didn't seem too bothered about all my spending in shops and stuff. I was worrying about it for nothing, I think it's been over hyped personally.

toc25

Just too add she did say she was just checking that what we had told her about our outgoings matched up to our ststatements. Stuff like debt repayments and income.

tain

Cheers again everyone! I'll put the beans for dinner on hold for the time being!

Lauralou79

We were with Natwest and they did go through statements ( we also bank with them) and they did ask questions but just about regular payments and to check we had told them correctly about the credit etc ( we had none) our LTV was 43% and we weren't borrowing anywhere near what was our limit.

Our friends went with HSBC and they were more thorough asking about how they would budget/spend for food, bills etc. So it really does vary between lenders

Higher deposits always help so any spare money in the next few months, save it. Plus buying a house is always more expensive than you plan it to be!

Good luck