Regular spending on weight loss drugs ‘could affect size of mortgage you can get’
Some brokers say monthly outgoings on drugs such as Wegovy and Mounjaro can knock thousands off the amount you can borrowRegularly spending large sums on weight loss drugs could reduce the amount people can borrow on a mortgage by thousands of pounds, some brokers are warning.When homebuyers apply for a mortgage, the lender carries out detailed affordability checks on their income and outgoings, which include regular payments such as subscriptions and memberships as well as amounts spent on things such as gambling. Continue reading...
Some brokers say monthly outgoings on drugs such as Wegovy and Mounjaro can knock thousands off the amount you can borrow
Regularly spending large sums on weight loss drugs could reduce the amount people can borrow on a mortgage by thousands of pounds, some brokers are warning.
When homebuyers apply for a mortgage, the lender carries out detailed affordability checks on their income and outgoings, which include regular payments such as subscriptions and memberships as well as amounts spent on things such as gambling. Continue reading...
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