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Mortgage application and overdraft
amalis
Posts: 532 Forumite
Hi guys,
we are going to apply for a mortgage on Thursday, but we are about 500£ in overdraft this month. Salary is coming to our account on Friday. Should I worry about the overdraft in the time of mortgage application? We are getting mortgage from our main bank and they know our salaries, etc.?
we are going to apply for a mortgage on Thursday, but we are about 500£ in overdraft this month. Salary is coming to our account on Friday. Should I worry about the overdraft in the time of mortgage application? We are getting mortgage from our main bank and they know our salaries, etc.?
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Comments
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I wouldn't worry at all. The bank reference and credit checks they do will allow them access to whatever information they need to make a decision.
Good luck with the application, I trust it will save money, short medium and long term.Like all revolutions, guerrilla goodness begins slowly, with a single act. Let it be yours.
Practice random acts of kindness and senseless acts of beauty.0 -
Thank you very much, anh1904. It is very reassuring. I am having the ususal FTB panic now
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