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Black mark on credit file - impact on mortgage application?
murmeltier
Posts: 125 Forumite
Due to a stupid mistake on my side I sent my A+L current account into unauthorised overdraft which I believe is going to show up on a credit search (the amount has been cleared, but I suspect there will still be a black mark - is that correct?).
As we're looking to buy a new property in the very near future, I would like to understand how bad the impact will be, in particular with the Halifax which I'll most likely have to use as my current mortgage is with them and I want to port it.
I have never missed a payment/gone into unauthorised overdraft before.
Thanks.
As we're looking to buy a new property in the very near future, I would like to understand how bad the impact will be, in particular with the Halifax which I'll most likely have to use as my current mortgage is with them and I want to port it.
I have never missed a payment/gone into unauthorised overdraft before.
Thanks.
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Comments
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murmeltier wrote: »Due to a stupid mistake on my side I sent my A+L current account into unauthorised overdraft which I believe is going to show up on a credit search (the amount has been cleared, but I suspect there will still be a black mark - is that correct?).
As we're looking to buy a new property in the very near future, I would like to understand how bad the impact will be, in particular with the Halifax which I'll most likely have to use as my current mortgage is with them and I want to port it.
I have never missed a payment/gone into unauthorised overdraft before.
Thanks.
I wouldn't worry unduly as the most serious issues are missing mortgage payments.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Agreed - you should be fine
I've done a few "ports" with A&L and the clients had missed card payments etc, but the mortgage was all agreed
If you give them a call they will be able to give you a new illustration
Will you be looking to borrow more from them as well?
HTHI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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 -
Halifax will be more concerned if going over your authorised limit is a regular thing as it means you cannot manage your finances on a day to day basis. A one off shouldn't make any difference and probably won't show on your file unless it was outstanding for a while. If it was a day and you rectified it, it probably won't show. To be absolutely sure, leave it a month and order your credit file or have a look online to see what if anything has been registered.0
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