FTB Help! Unplanned overdraft Fee's

R.o

First time posting, just after some advice from anyone with experience on the below,

First time buyer
Property Value: 325,000
20% Help to buy equity loan scheme
Deposit: 17,000
Annual: 54,000
Both been in jobs 3+ years
Credit Card Clear
Financial commitments: car loan & mobile phone contacts if you count them.


My question is how will unplanned overdraft fee's on a closed account effect a lenders decision (if they request them) Natwest/Halifax in this case? Our main accounts where our salaries are paid into & monthly budget is used are in perfect order BUT our recently closed household bills account (rent, gas etc) has unplanned overdraft fee’s on. We DID NOT have an overdraft facility on these accounts as we have plenty of saving but due to our broadband DD which comes out early, it takes the account into a slight minus, then a day later we are paid then we organise our finances for the month so it is settled with a day or so. Result of this is a small unplanned overdraft fee of course.

Am I best supplying my current account statements which show my salary/monthly budget & household bill transfers in the hope they do not request the closed accounts statements? I understand there are lenders out there who do not need statements but just want to see what advice is out there. I can prove all my rent/household bills have been paid on time within the two years we have been renting with no problems. Just want to see if anyone has had any experience with these fee's

I am aware this silly situation could have been avoided by putting £50 into the accounts but hey, we are here now.

Thanks in advance.

YHM

Afternoon R.O

They are frowned upon, but I would expect the lenders in question to both be comfortable with it. I wouldn't expect the statements for an old bill account to be requested, but even if you disclosed them in the interests of full and frank honesty / disclosure, I couldn't see it influencing a lending decision

kingstreet

Which bank held the account in question?

R.o

Lloyds Bank

R.o

Our main good accounts (salaries/monthly spend budget/bills bank transfers are with Barclays bank.

kingstreet

R.o wrote: »

Lloyds Bank

Stay away from Halifax then.

Just in case.

R.o

Many thanks for the advice. My savings are held in my Halifax savings account, I have held this account since I was a child so quite a long time. Do you think they would still ask for statements If an application was put forward to them?

kingstreet

No.

Halifax is part of Lloyds Banking Group and you cannot assume there is no means of a Halifax application picking up poor Lloyds account conduct by internal links.

If you'd said NatWest, you would be told the same, stay away from NatWest.