Does investing affects mortgage application?

Koksmanareikals

TheJP said:

grumiofoundation said:

TheJP said:

Its an outgoing so yes will affect affordability unless you use it towards the house.

Not necessarily (if at all) ,as above can easily be stooped. A lot of lenders will ignore pension contributions for the same reason.

Lenders class pension contributions as an outgoing. Monthly investment is still an outgoing.

I get paid weekly and invest weekly. Do we have anyone who works for lenders and could comment on this? TIA

grumiofoundation

TheJP said:

grumiofoundation said:

TheJP said:

Its an outgoing so yes will affect affordability unless you use it towards the house.

Not necessarily (if at all) ,as above can easily be stooped. A lot of lenders will ignore pension contributions for the same reason.

Lenders class pension contributions as an outgoing. Monthly investment is still an outgoing.

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. 

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.