Savings standing order and affordability

bigash87

Hi,
So I am currently looking at moving Home and taking out a new mortgage. I have been checking quite a few of the online affordability calculators that the different lenders have and a lot ask me to specify any committed monthly spending.
One thing I am not sure whether I need to include is my monthly standing order for savings. Every month i put 1/4 of my salary into a second account. This money is for transport, presents, holidays, clothes etc and the money is easily accessible. A lot of the money goes back into my main account throughout the month to cover costs.
So with this being a considerable amount of my income, is it likely to be flagged by the banks?

Theguywhovapes

Personally can’t see the issue. It’s a choice to put that money aside, you could easily stop tomorrow if you really wanted to, something we can’t do with bills (if only!!!)

bigash87

Theguywhovapes wrote: »

Personally can’t see the issue. It’s a choice to put that money aside, you could easily stop tomorrow if you really wanted to, something we can’t do with bills (if only!!!)

That’s what I thought too

Thrugelmir

Money being being transferred isn't an outgoing. Lenders will use their own methodology to allow for the expenditure you describe.

bigash87

Thrugelmir wrote: »

Money being being transferred isn't an outgoing. Lenders will use their own methodology to allow for the expenditure you describe.

I suppose I have been looking at it in the sense that the lender would only be concerned about the money that leaves my main account.