Do childcare costs affect my mortgage application?

When submitting your mortgage application, you will need to provide evidence of your income and outgoings. Lenders will need to see outgoings such as utility bills, pension contributions as well as child care costs.

If your child care costs are a big portion of your outgoings it is likely to have an impact on the amount you will be able to borrow.  However, all lenders assess affordability differently. One of our brokers here at Agentis can help choose the best lender for your situation.