First home buyer with Westpac approved. They’ve given us a pretty strict budget for the total amount of extra costs we can have after we buy a house. This amount is 450 a month total for rates, insurances, and etc.

We have a house we like but the rates are higher as the rv is quite above our buying range. The total for rates and insurance a month is about 488. How strict is Westpac with this and would they allow that much extra? It’s barely $10 a week really.

Alternatively will they allow me to change my third car’s insurance policy that I don’t drive from comprehensive (70 monthly) to third party and fire and theft ($20-30) a month. As this would free up more than enough for the cost of extra rates?

Re applying with new figures isn’t really an option so hoping they will just accepted a certificate from my insurer with the new costs haha

Pretty shit to miss your dream home because you fall short $10 a week for rates/insurance

Cheers