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Hints & Tips - Affordability - System does not give required amount
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Commitments Page
- Ensure that dependants have only been keyed once under main applicant (App 1)
- Ensure ALL commitments have been disclosed even if intending to repay, please note this includes credit cards being repaid in full every month. In this instance minimum monthly payment should be keyed as 5% of outstanding balance and you should answer yes to ‘Intend to Repay on completion’
- The most common error is Existing Mortgage Commitment. This must always be entered, including any Buy-to-Lets even if self-financing (see points to remember).
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