First Time Buyer - 90% LTV Advice Needed

Thrugelmir

Kit603 wrote: »

My overdraft is £2000 - interest free and currently cleared as I got paid yesterday and haven't moved it to savings yet.

Not advisable as this appears that you are constantly overdrawn.

Will score against you.

Kit603

Thank you for your advice. Based on the information given, do you think it is likely that we would be accepted for the mortgage with a 10% deposit?

The broker I saw on Saturday recommended either Nationwide (same as L&C) or Abbey. Abbey will work out slightly cheaper over the two year fixed period and has better incentives (free valuation, £250 cashback) so he is putting it to them on Monday and we should get a decision in principle and then, if it's accepted, he'll put the full application through.