Does lender check your files again before completion?
edited 21 July at 11:56PM in Mortgages & Endowments
3 replies 234 views
Hi all, FTB so please excuse the silly question!
I guess the real concern is whether lender will request bank statements and reassess affordability again before completion? I'm starting to encounter large expenses for ordering furniture, interior design, legal fees, home survey etc. On top of that I'm starting to take a hobby class which is about £200 per month (but it's paid weekly and can be cancelled anytime), and recently made a large one-off donation to help a friend's medical treatment.
I maintain a budget tracker and am comfortable that my financial situation is still good shape. There should be no change in credit file i.e. no loan, credit card paid off every month etc (except one of my card got a little credit increase which is automatically done once in a while). But I'm worried that lender may just see this differently and withdraw my offer.
Am I being paranoid? Many thanks!
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