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Affordability - Monthly Spend on Holidays

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  • Mnd
    Mnd Posts: 1,699 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    700 on food! 250 for us 2..and we do have several holidays..in fact we probably spend more on holidays than we do food
    No.79 save £12k in 2020. Total end May £11610
    Annual target £24000
  • kingstreet
    kingstreet Posts: 39,315 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 14 December 2017 at 10:12PM
    As a broker, we have a choice in the Santander affordability calculator.

    We can choose to input nothing and accept the ONS figures for the type of household; or enter everything and get a tailored solution.

    FWIW choosing the latter rarely results in a maximum loan lower than the former.

    On the odd occasion I've had a bit of fun with the data entry seeing how much I can enter in each box before the output is even affected.

    Typically, pre-budget planner, I'll enter;-

    Food drink & clothing £250
    Household goods £50
    Council tax & utilities £325
    Travel £150
    Entertainment £100
    Holidays £100.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
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