The financial overview calculates your clients' spending ability by considering the following factors:
Net Income Monthly: This figure is calculated based on various sources of income, including current employment, other monthly income, and monthly rental income.
Expenditure Monthly: This figure is calculated based on various expenses, including total monthly expenditure, current monthly mortgage payment, service charge, ground rent, council tax, monthly credit commitments, monthly investments, and existing insurance premium.
Disposable Income Monthly: This is the total net income minus the total expenditure.
The amounts displayed in the financial overview are calculated using the information provided in the Fact Find. It's important to note that any changes in this information may impact the advice given and/or the application process.