Any one applied for a mortgage recently?

[Emeye]

I'm about to apply for a mortgage In principle agreement but I can't get to the bottom of which outgoings they will ask me about.

Various online affordability calculators appear to ask about child care, loans, credit cards and travel expenses etc, but then they ask about "Any you think we need to know about"....

I want to know so that I am sure that I am getting an accurate result from the online calculators.

I asked Nationwide through their online chat and it wasn't any clearer, other than they don't need to know about utility bills and council tax.

Thing is, research in some places suggest they will want to know much more details including takeaway, phone bills, clothes etc

Could Nationwide want less as I am already a customer?

Cheers.

Edited by Emeye on Friday 30th January 22:32

[Emeye]

Thanks to the detailed reply. I did Google mmr and that's when I started to see lots of different answers!

I did find that I could access the tools that Nationwide provide for financial advisors, so I'm hoping this one is giving me an accurate answer! http://www.nationwide-intermediary.co.uk/calculato...

In the past I have sorted my mortgage myself and done alright, but that was back in the day of the old rules when I didn't' have three kids etc

All I need now is a reasonable accurate idea of what I can borrow so we can decide whether moving house is viable! I am sure the new system may involve some gotchas for me!

Edited by Emeye on Saturday 31st January 19:02

[Emeye]

Sarnie, you have mail.