Overdraft Increase affect Mortgage Application

ben1985

Hello there,

My flat purchase is going along nicely and Contract Exchange shouldn't be more than two weeks.

Just before I ask the question, just to let you all know I've got:

• HSBC Credit Card- 1.5k limit, Hardly used at all (last time end of 08)
• HSBC Authorised Overdraft- £500, never used in last 2 years

As I will be moving into my new flat I anticipate a lot of costs.. I am very good at financial planning but I'm looking to have a large safety net for the first month or two until I can fully work out all my ougoings.

I'm thinking of getting my overdraft increased to £750 or £1k. The reason for this is just as a backup. The credit card cannot be used to pay DD and even though I don't think I will need it it will be nice to have the overdraft available just in case I'm short one month due to loads of bills and white good or whatever.

My Mortgage application is with Natwest and that's all gone through lovely, fully accepted (credit history is sparkling:rotfl:).

My only question is will an increase from £500 to £750 or 1k affect my mortgage application and if so why?

I could manage on £500 overdraft I'm sure but it's always nice if it's there especially in the first few months.

Regards

BW

ben1985

can anybody give me a shred of information

Regards

BW

_Andy_

Sounds like the mortgage has been offered, in which case there will be no effect.