Agreed Overdraft Use - Underwriting

mjb1974

I have a DIP with Nationwide for a new build and will be submitting full application in next 5/6 weeks once I have a more accurate date for builders completion.

I also have a £400 agreed overdraft with Nationwide which I occasionally (partially) use but always clear immediately when my salary is paid in and have never exceeded agreed limit.

Would it be unwise ahead of potential underwriting etc to use this and should I avoid it from a perceived affordability point of view?

Dont want to create any silly issues for myself. Any advice would be a help.

(On DIP Nationwide have only specified Most recent payslip, P60, Proof of address and Proof of name to be submitted)

Thrugelmir

mjb1974 wrote: »

I also have a £400 agreed overdraft with Nationwide which I occasionally (partially) use but always clear immediately when my salary is paid in and have never exceeded agreed limit.

Overdraft usage will score against you. (As suggests finances are tight). Something lenders will consider when lending you £'000's of £'s.

Best avoided. Use your savings instead.