Mortgage affordability checks - commuting costs

EclipseHAP23
EclipseHAP23 Posts: 10 Forumite
First Post
in Mortgages & endowments
I wondered if anyone had any experience of the following please. During mortgage affordability checks, what if current commuting costs are significantly higher than what they would be in the new home? Was it enough to explain this to your broker please? 

Comments

  • ACG
    ACG Posts: 24,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    This is one of those things that is sort of lender dependent. Within reason, it should be fine. I remember having a client who lived in NI and working in England... We went to a lender (normal rates) who I knew would not even question it. As it happened he flew over on a sunday, stayed with his mum and and then flew back on Thursday and worked from home Friday - but it was easier to just not get into the discussion. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
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