Impact of bank statements & overdraft when applying for a remortgage with new lender

Akk223

Can anyone help me on the following query that I have:

1. I am about to apply for a remortgage on my current home. When I took out my mortgage initially due to my credit history I did not approach a broker but went straight to the lender (Aldermore) foprom whom I secured a mortgage with. This time when I approached the broker, he asked for copies of my bank statement which I sent to him. When he saw this, he said a bank will not lend to me because I have exceeded my overdraft limit which was £2k. I explained and showed him that this was only for a day or two at most for very small amounts £10-15 whilst I was transferring money from my savings account into my current account. He said that a lender would not look at this and therefore I will not get a remortgage for 3 months showing that my overdraft is clear. I thought the purpose of the bank statements was to confirm that a salary was being paid which is clearly demonstrated in the bank statements, otherwise why would a lender ask for all bank statements and details of all accounts that an individual may have.

2. As explained earlier, I have had defaults on my account. The last and only remaining default passes its 6 year mark at the beginning of June after which time it will disappear. This default is fully satisfied and was for £900. (Fully satisfied last September). If I apply for a remortgage now will this go against me, especially as it is fully paid and 70.5 months ago and my current term does not finish until the end of June by which time it would be past 6 years and disappeared?

The reason why I want to do it now is explained below, so read on...

3. When I bought my house almost 2 years ago, the house required works to be carried out, which included major renovation work. As a result, I obtained a 95% Help to Buy mortgage and left major savings to carry out the work. The property has now completed the renovation and the value of the house has doubled. Recently me and my neighbour was discussing buying her house for which we agreed a price (it is currently rented out) and have approached Kent Reliance through a broker for a buy to let mortgage under a limited company. An agreement in principle has been approved and the mortgage should go through, however I do know that they will state that the offer is subject to evidence of funds which is being released from my principle home for which I am remortgaging (see 2). Will this have an impact on my ability to remortgage? Also there will have been 3 credit searches on my credit file in the last 6 months (my current lender, Kent Reliance and a car finance as I have changed jobs recently and my previous car was through my company salary sacrifice scheme)

Thanks for your help in advance.

Akk223

Any help would be much appreciated