Childcare costs and getting a mortgage?šŸ™ˆ

Cow_calver

Member
Mixed Farmer
Location
Ayrshire
Good morning, i am looking to build a house on the farm and will need to apply for a self build mortgage soon, my wife has Ā£440/month coming out of her account each month to pay for nursery fees, how much will this affect the amount i can borrow?

My son is 4 and will start school next year, are lenders likely to take this into consideration and see it as a temporary cost or will they still include it in their calculations? Just wondered if anyone else had experience of this?
Cheers
 

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