Spending a large amount before a Mortgage Application
Spending a large amount before a Mortgage Application
Author
Discussion

PopsandBangs

Original Poster:

1,149 posts

160 months

Thursday 25th March 2021
quotequote all
I'm going to apply for a Mortgage (FTB) in around 4-5 weeks.

Something I've been wanting to purchase for several years has come up, and it is unlikely another will do so soon, and certainly not at the price I can get it now for. We are talking around £7k.

Would I be completely mental to do so now, from my own cash in my current account (the account I would be using to apply for the Mortgage)?

Cheers

Sarnie

8,368 posts

238 months

Thursday 25th March 2021
quotequote all
If you aren't buying it on credit or depleting your deposit then it won't make any difference......

PopsandBangs

Original Poster:

1,149 posts

160 months

Thursday 25th March 2021
quotequote all
Cheers Sarnie

My concern was the "3 months of Bank statements" and affordability/expenditure analysis factor. No worries though coming from you!

You'll be getting a message in the next few weeks.... biggrin



Edited by PopsandBangs on Thursday 25th March 14:05