Leeds Building Society Statement Worries

JRG_4

Hi, 

Me and my partner are FTB’s and have recently been given an AIP with Leeds building society on their 1.89% 2 year Help to Buy mortgage. We have it agreed for 117k. My income is 18,065, hers 22,465.
We have £2400 in a help to buy isa and the rest of the deposit (£5300) is coming from a gift from a family member.

We both have PCP cars, 1 for £308 my side and My partners £339. I have an outstanding CC balance with barclays for £982 although this was £3500 a few days ago until i paid the majority off so my equifax/experian doesn't show that yet.
I also have a few other direct debits for items at Currys (£57pm) and a watch for (£67pm). Both finish in 2022

My broker has requested  4 months statements and payslips. 

Im worried about the statements as over lockdown ive spent the majority of my time on xbox purchasing games and downloadable content so this shows a lot on my statements. One month nearly £400 has been spent. The others are £100 or less. Is this something i need to worry about?

haras_n0sirrah

Hi
I wouldn't worry too much
Discretionary spending is fine - it is only a real problem if it takes you into or over an overdraft limit.

JRG_4

haras_n0sirrah said:

Hi
I wouldn't worry too much
Discretionary spending is fine - it is only a real problem if it takes you into or over an overdraft limit.

Thank you. Although its consistent throughout the last 3 months of my statements, its money that i had left over.

haras_n0sirrah

That will be fine. If it is something that can be stopped easily and it is out of your own funds it isnt a problem with lenders - after all you can spend your left over money on anything you want 

JRG_4

haras_n0sirrah said:

That will be fine. If it is something that can be stopped easily and it is out of your own funds it isnt a problem with lenders - after all you can spend your left over money on anything you want 

Also with my credit card not showing an updated balance on my credit report.. Do you think they will just ask for proof of this?

[Deleted User]

Mate its disposable income for a reason! You can dispose of it how you like!   Some spend on clothes, drink, meals, bizarre hobbies or Xbox. As long as its not lead you into debt its fine. 

Just have your proof ready that the credit card balance is now X. The updates to the agency always lag behind. If its a concern they will ask. Do you have a broker ? Its these situations brokers are worth their weight in gold as they just bat back lenders concerns with evidence confirming everything is A ok 

JRG_4

Densol said:

Mate its disposable income for a reason! You can dispose of it how you like!   Some spend on clothes, drink, meals, bizarre hobbies or Xbox. As long as its not lead you into debt its fine. 

Just have your proof ready that the credit card balance is now X. The updates to the agency always lag behind. If its a concern they will ask. Do you have a broker ? Its these situations brokers are worth their weight in gold as they just bat back lenders concerns with evidence confirming everything is A ok 

Thanks for this, you've made me feel way better about the whole thing. I have a broker but only sent the statements over on Friday evening so nothing will be done until Monday earliest