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Does investing affects mortgage application?
Comments
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I get paid weekly and invest weekly. Do we have anyone who works for lenders and could comment on this? TIATheJP said:
Lenders class pension contributions as an outgoing. Monthly investment is still an outgoing.grumiofoundation said:
Not necessarily (if at all) ,as above can easily be stooped. A lot of lenders will ignore pension contributions for the same reason.TheJP said:Its an outgoing so yes will affect affordability unless you use it towards the house.0 -
I should have been clearer - of course it is an outgoing - but that doesn't mean, as you claimed, investing (or pension payments) will affect affordability.TheJP said:
Lenders class pension contributions as an outgoing. Monthly investment is still an outgoing.grumiofoundation said:
Not necessarily (if at all) ,as above can easily be stooped. A lot of lenders will ignore pension contributions for the same reason.TheJP said:Its an outgoing so yes will affect affordability unless you use it towards the house.
As I said many lenders will ignore pension contributions as they are not a fixed outgoing, and I can't see why any other investment wouldn't be the same.
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