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overdrafts and mortgage applications
ebee1
Posts: 64 Forumite
hi - anyone had any experience with applying for mortgages if you have been into your unauth overdraft quite a few times?
we have excellet credit rating and have not missed any payments, just made overpayments
we have excellet credit rating and have not missed any payments, just made overpayments
0
Comments
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It will definitely have an affect, although depending upon your overall risk profile will depend on mortgage application.
Try and stay clean for a few months and it is easy erradicated.
All the best...I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
hi - anyone had any experience with applying for mortgages if you have been into your unauth overdraft quite a few times?
Use your savings if necessary in future. Exceeding an overdraft limit suggests poor financial management. Which from a perspective lenders point of view would be a concern. You need to demonstrate that you are a good risk to lend to.0
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