Once upon a time, banks gave mortgages based on the branch manager having known Joe Bloggs for 20 years and making a judgement call about whether he was good for the money.
These days mostly everything is done by punching numbers into the Lender's algorithm and saying "you can only have what the computer says you can have".
My wife and I have been foolish enough to fall in love with a property that is just a little outside the range of what we can afford based on lenders calculators. (We went through a couple of Lender's detailed calculators).
However, we've kept exceptionally detailed budgets and spend records for the past 5 years and we know for certain that we can very comfortably afford more than the bank's limits say; even if the Interest rate were to climb precipitously. (For reference, between current Mortgage, current Mortgage voluntary over-payments and monthly contributions to long-term savings we can currently afford about 70% more than the monthly payment we'd be making on the new Mortgage)
Is it still possible to go and talk in-detail to a Bank Manager, to demonstrate this to them, to convince them to authorise a Mortgage Loan that is beyond the limits of what the algorithm says?
How would I go about achieving this? Who do I ask for at the bank / is there a particular kind of meeting or product that I should be asking for?
(Alternatively ... is this all bound by regulation now, so that the concept is legally impossible now?)