Hi everyone!
Long story short — We suddenly need to buy a flat in my hometown (small northern town) and we’ve found a few we like for £50,000 but because this is very out of the blue, our affairs aren’t in great order. Lots of online shopping and takeaways on bank statements etc. I paid for a few things with Klarna because I like it, not because I didn’t have the money. I’m also paid by my DP’s company (all above board, we have an accountant) but I wasn’t “paid” regularly during lockdown as we weren’t going anywhere or spending anything and had no idea we would be buying a flat.
We earn somewhere in region of £85,000-87,000 per year collectively and currently rent for £1800 per month in London. A rough mortgage calculation says we’ll be paying about £250 on the mortgage which is... well, ridiculous to us.
But I’m worried things don’t look good on paper so just asking from your experience, are all mortgage applications scrutinised in the same way regardless or is a £500,000 application given a closer look than a £50,000 application?
We have years and years of accounts, good credit scores, up to date ID, electoral roll, years of bills (council tax, etc.), the deposit, and our jobs won’t be affected as they’re remote but I’m kicking myself at all the stupid lockdown purchases which make us look bad on paper! 😠