When applying for a loan, if you know your circumstances will change virtually instantly upon taking out the loan should you use current figures for your income and outgoings, or should you use the future figures (which are concrete and known rather than predicted)?
In this case, the change is favourable for me: if I'm approved for the loan my rent payments will drop to £0 as the loan will be used to buy a narrowboat to live aboard. Obviously £750 per month is a reasonable chunk of money when it comes to calculating loan affordability, and so I'd prefer if I were able to legitimately claim £0 outgoings for rent (and an increase in other monthly outgoings, which I can make an informed estimate of from prevoius experience).
It won't be the first time I've lived aboard, so I'm very realistic about it as a lifestyle - no doom and gloom stories needed!
Post edited at 18:36