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spending before house completion

Hi,
Might be a silly question but I am desperate for answer. Can I shop around and spend my disposable income about 3 weeks before completion? i am not going to take a credit on it tho'. Will the bank not see this as spending in unnecessary stuff? Thanks

Comments

  • Hi putopao

    If you’ve already got the mortgage offer they are unlikely to do anymore checks so I wouldn’t worry. Besides, if it’s disposable income they can’t tell you what to spend it on. 

    Congrats on the new house!
  • JamesN
    JamesN Posts: 794 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Agreed, I wouldn't go and take out any credit but wouldn't be worried about spending cash in my current account.
  • amnblog
    amnblog Posts: 12,762 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's your cash.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • onthemend88
    onthemend88 Posts: 258 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    We have been spending some of our disposable cash for our new home. 

    We've transferred all the funds we need to to our solicitor, have plenty of money left over, so why not? 

    As long as it's not on credit or finance there shouldn't be an issue. 
     
    First Time Buyer
    AIP 18/02/2020 - Full Application 25/02/2020 - Valuation - 16/03/2020
    17/03/2020 - Mortgage Offer Issued
    23/03/2020 - LOCKDOWN

    19/06/2020 - Exchange of Contracts
    07/08/2020 - Officially Homeowners
  • robatwork
    robatwork Posts: 7,273 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Course you can!
  • Sistergold
    Sistergold Posts: 2,136 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    It’s your money to spend. Congratulations on your new home. Don’t forget to keep money for emergencies as that tends to happen more than expected once you move in. 
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
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