We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Worth consolidating before mortgage application?
Elfinpie
Posts: 60 Forumite
Hi,
We are looking to apply for a mortgage imminently and I have a quick question regarding outstanding debt.
We have a joint loan, a joint and a single (mine) bank account all with Halifax. My account, that I don't really use, has an £800 overdraft that is permanently overdrawn (I know, awful money management). We have the opportunity to add the £800 to our loan balance which will enable me to pay off and close my account. If I did this would it adversely impact our mortgage application?
Thanks in advance
We are looking to apply for a mortgage imminently and I have a quick question regarding outstanding debt.
We have a joint loan, a joint and a single (mine) bank account all with Halifax. My account, that I don't really use, has an £800 overdraft that is permanently overdrawn (I know, awful money management). We have the opportunity to add the £800 to our loan balance which will enable me to pay off and close my account. If I did this would it adversely impact our mortgage application?
Thanks in advance
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards