Lenders are now looking at spending and bank statements in more detail when assessing people for a mortgage approval.
Previously you would be asked what you spend and your mortgage adviser and the lender at the bank would check your statements and situation to make sure that what you stated was realistic.
The banks all had pre-determined minimums for living costs for a single person, a couple and families with children and so this was the basis (and the minimum) used in any calculations.
The idea of this article is to highlight what the banks are looking at, and how you can adjust things to help your chances of getting a mortgage approval.
