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Mortgage application and overdraft

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amalis
amalis Posts: 532 Forumite
in Mortgages & endowments
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.?

Comments

  • anh1904
    anh1904 Posts: 480 Forumite
    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.
  • amalis
    amalis Posts: 532 Forumite
    Thank you very much, anh1904. It is very reassuring. I am having the ususal FTB panic now :)
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