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First time buyer mortgage. Big overdraft but large deposit. Advice please!!
Comments
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Maybe it's because that you only want to get him a mortgage, earn your comission and then move on. But other people are more concerned that he will not be able to handle THE biggest financial commitment in his life, considering he is living beyond his means for considerable period of time.
How do you work out all that?
He/She states they have been on a temporary contract, and that is why they have gone into their overdraft, they have not stated anywhere they have been "living beyond their means for a considerable period of time"
They asked the question "how likely it is that we will be accepted for a mortgage" not "do you think we can afford it?"I am a mortgage adviser.You 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
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