Old house renovations / Home buying mortgage help!

[Buttons4491]

I do apologise if I have place this in wrong section.

Need some advice as unable to find anything when searching.

We are buying a home together. My OH has a flat to sell which needs some minor work done to make it "saleable" possibly in the region of £1500. Because we are applying for a mortgage will the lender look at and question this spend and will it affect our application?

I'm a bit confused about whether you're getting the mortgage on your OH's flat or somewhere else? If you're selling the flat to someone else then the value will depend on whatever their lender's valuer says. If you're buying somewhere else, then your mortgage lender's valuer will only look at the place you're buying. What you are actually selling is irrelevant for their purposes. Not sure if that helps?

Thank you for your reply.
Apologies, we'll be selling OH flat and buying a house together. Its more whether the lender will look at our bank statements and question the money

What exactly will they see in bank statements in relation to the other property, that you are concerned about? Transactions for DIY store, or payments to a builder? I don’t why they would care how you spend your disposable income.
The more relevant points are how much do you earn and how much are you borrowing.

They will look at your regular outgoings to assess affordability. One off spends wouldn't be particularly relevant, unless they showed you were overspending in general in comparison to your income. Eg £1500 on DIY this month, £1500 on a holiday the month before, £1500 on new furniture the month before, £1500 on some other one off the month before that. Because at that point they're not one off, they're part of your regular spending pattern.

It's perfectly explainable - DIY to sell a background property. The key will be getting that flat sold before you apply for the next mortgage otherwise your affordability will definitely be affected. Find a good independent mortgage broker and you shouldn't have any problems. Good luck!