Hello,
We have passed the first stage of an affordability check on a shared ownership property and we are viewing next Wednesday which is all very exciting.
The part I’m worried about is being approved for a mortgage. My husband and I are on good salaries (34 & 35k) however I’ve been on maternity leave - I saved a chunk to cover the loss in salary but underestimated how tight it would be at the end on stat pay, so I topped up my personal loan by 1k to give myself a buffer til I go back next month.
Is this going to be a massive red flag in obtaining a mortgage? My spending is usually very good, no outstanding money on credit cards, I have never gone into my overdraft and we have never missed any recurring direct debit payments. I’m hoping I’m overthinking but know how these things can be.
Thanks!