During your mortgage capacity report phone call, we’ll need to gather a clear and accurate picture of your outgoings. This helps us—and any relevant parties—understand your surplus income in relation to your expenses and net income. It’s an important part of your report, reflecting the kind of information you may have provided in the past for similar purposes.
To make this process as smooth as possible, we’ll review your credit file to determine the costs associated with your secured and unsecured debts. Additionally, we’ll ask about the day-to-day costs of your life, such as:
- Building and contents insurance
- Council tax
- Utilities
- Household goods and services
- Food, alcoholic drinks, and tobacco
- Clothing and footwear
- Health insurance
- Transport
- Communication
- Recreation and culture
- Education
- Maintenance and childcare costs
- Other payments (e.g., pet care or hobbies)
These outgoings form the foundation of your report. Our goal is to assess your expenses with the same care and perspective that a mortgage underwriter would. By sharing these details, you’ll help us ensure your report is as accurate and helpful as possible.
We’re here to guide you through the process and answer any questions along the way.
