unplanned overdraft in mortgage process

aspire2707

hi there

just recived letter about unplanned overdraft - used wrong card

i was refused twice for the mortgage and then accepted for the 3rd time

then we have changed to another property

another application was made today and i also recived letter today about the overdraft on the 16/06/15 so 2 days ago

the most important question here:

Would it affect my mortgage application in any way?
Will that be visible for the lender?

libf

Is using your overdraft a rare thing for you? Some banks will waive fees for it if it's a 'one-off'...

aspire2707

this is the unplanned one which never happened to me before.
i have a planned one for another account but i am not using it.
i don`t care about the fee but i am worried about it being a problem in mortgage process.

libf wrote: »

Is using your overdraft a rare thing for you? Some banks will waive fees for it if it's a 'one-off'...

libf

aspire2707 wrote: »

this is the unplanned one which never happened to me before.
i have a planned one for another account but i am not using it.
i don`t care about the fee but i am worried about it being a problem in mortgage process.

If they waive the fee then I imagine that it's as if you never touched the overdraft in the first place, and so wouldn't cause problems. Worth ringing up and asking?

kingstreet

When you say "unplanned overdraft," is that a euphemism for "unauthorised borrowing?"

In other words, did you exceed an authorised overdraft limit or did you overdraw when you had no agreed limit? These are treated the same way.

This is a majort issue for some lenders, so bank account provider name and mortgage lender name, please?

aspire2707

It was overdrawn when i had no agreed limit.
I am with Lloyds and mortgage with Santander.
Thank you for help.

kingstreet wrote: »

When you say "unplanned overdraft," is that a euphemism for "unauthorised borrowing?"

In other words, did you exceed an authorised overdraft limit or did you overdraw when you had no agreed limit? These are treated the same way.

This is a majort issue for some lenders, so bank account provider name and mortgage lender name, please?

kingstreet

Where are you in the mortgage application process and have you been asked to provide bank statements?

aspire2707

I have allready provided them with statements 1 month ago.
Now we are doing property change (loan increase) which was done today.

kingstreet wrote: »

Where are you in the mortgage application process and have you been asked to provide bank statements?