does been overdrawn affect my chances of a mortgage?

mavala25

u've got me mixed up with OP

ytfcmad

I have a Barclaycard, have had for around 20 years. In that time I've probably been late on one payment a year (forget). I check my credit files every year and have done for many years, in all this time my Barclaycard has never appeared on any report. My limit was circa 20k and at times had 8k outstanding, other cards held have always shown on reports.
It turns out Barclaycard only inform credit agencies about the card if you default, still mentioned it mind you when applying for re mortgage.

Thrugelmir

mavala25 wrote: »

u've got me mixed up with OP

So I have. Thanks.

xyellowx

they may be patting themselves on the back for obtaining a mortgage but i notice neither person put up the interest rate they are paying on it
my guess 7% plus

mavala25

Oh! So much ill will xyellowx!


Im sorry to disapoint, but the offer I have been made is either a 4.14% tracker for 2 years or fixed at 4.79% for 2 years. Im undecided which to take...

ginvzt

mavala25 wrote: »

4.14% tracker for 2 years or fixed at 4.79% for 2 years. :eek:

And we thought our offset lifetime tracker at 2.49%+BOE was not very good and OH is still worrying that it is a large 'spread'!

mavala25

Hi ginvzt


Do you think this is a bad rate?

i was pleased with it given our 15% deposit.

Certainly makes the monthhly payments more than manageable

gazza975526570

I recently got accepted for a new mortgage despite every month being £2500 into my overdraft. Mortgage amount of £100,000 at 4.39% for a five year fix with no problems

mavala25

its all good:beer: