Nursery fees - use as credit commitment for amount can borrow

Marcus82

Hi,


Trying to find out a rough idea how much we can lend. Do I put my nursery costs I pay each month into the box where is says credit commitments? I cant see anywhere else for it to go. If I say nothing when we get a decision in principle it will be less. I need to get a good idea from the banks calculator.


thanks

[Deleted User]

Marcus82 wrote: »

Trying to find out a rough idea how much we can lend.

As much as you want. Borrowing is a different matter though.

Nursery costs would go down as an outgoing. Like any other commitments, it can impact affordability.

gettingtheresometime

A friend of mine had to declare her doggy care monthly spend in her application.


Usually there's a box for other monthly commitments.

Supersy

Natwest dont include Childcare in your outgoings.

ACG

Supersy wrote: »

Natwest dont include Childcare in your outgoings.

Just be careful with this comment. It is not necessarily wrong, but there are caveats that come with that statement.

ReadingTim

Supersy wrote: »

Natwest dont include Childcare in your outgoings.

Nor does it care that you've got to pay it when it wants its money every month - or repossesses your house 'cos you thought it more important to pay the nanny than the mortgage.

kingstreet

Even though they may not be mentioned specifically;-

credit card balances
HP payments
loan payments
maintenance payments
childcare
school fees
student loan payments
ground rent & service charges
3% of HTB equity loan
employer season ticket loan payments

will all be factored into affordability by most lenders.