Spending money with Afterpay Touch Group Ltd (ASX: APT) and Uber could stop you getting a mortgage according to the latest bank developments.

Big banks like Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) have been under pressure since the start of the Royal Commission for not properly looking at borrowers’ expenses. It seems they’re now upping their game.

Why Afterpay and Uber could stop you getting a mortgage

Banks are now looking at all types of discretionary spending and they’re also searching for liabilities.

Westpac disclosed to the Australian Financial Review that it considers Afterpay expenses as a liability which needs to be understood as part of the broader inquiries into income and ongoing expenses.

Any transactions that the banks see are ‘recurring’ will be evaluated, regardless of the amount or nature. Banks are also looking for gym memberships, Netflix subscriptions and private health memberships.

Other groups of items that banks are looking for include children & pet expenses, clothing, personal care, phone & other communication bills, education, insurance and medical expenses.

A lot of these changes seem to be aimed at younger potential borrowers.

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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).