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Unauthorised Overdrafts - Affect Mortgage application?
ebee1
Posts: 64 Forumite
Hi, I'm new to this forum so sorry if this is the wrong section.
In the past year me and my boyfriend have gone into an unauthorised overdraft quite a few times... expensive year and bad money management on my part.
We have never missed our mortgage payments or anything like that, and we have no credit cards or debt other than our mortgage. Our credit rating is excellent [I checked it last week]
My question is, if we were to begin applying for other mortgages if we want to move house soon, do you think that the unauthorised overdrafts will have an affect on if we are accepted or not?
Any advice is great,
Thanks a lot
E
In the past year me and my boyfriend have gone into an unauthorised overdraft quite a few times... expensive year and bad money management on my part.
We have never missed our mortgage payments or anything like that, and we have no credit cards or debt other than our mortgage. Our credit rating is excellent [I checked it last week]
My question is, if we were to begin applying for other mortgages if we want to move house soon, do you think that the unauthorised overdrafts will have an affect on if we are accepted or not?
Any advice is great,
Thanks a lot
E
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Comments
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whats on your credit fileDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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I don't know if it will appear on your credit file but a lot of lenders ask to look at the last three months bank statements, some even ask for six so they will definately see it, yes.
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