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Mortgage possibly with Bluestone advice please
Tinkerbell1981
Posts: 10 Forumite
Hi all
I got accepted in principle for a mortgage with Bluestone in May 2017. I have been on a DMP for 3 years due to divorce currently owe £7000 had one default on my account which I cleared so have 0 in past 12 months. Have car finance currently £2500 left. All debt will be cleared upon sale of property. I have now sold my house subject to contracts and obviously the mortgage offer needs to be processed again. Nothing has changed from when I was first accepted apart from for the past 10 months I have been in and out of my £1500 overdraft doing jobs on the house helping it to sell. Once the sale goes through I am staying with my mum for approx. 3-4 months during this time all debts will be paid and I will not have used my overdraft. Will Bluestone still accept me or will the fact I have used my overdraft affect this. Advice needed as If I am unable to get a mortgage then I won't be selling. I have emailed my mortgage advisor but he is on annual leave until 30th May. Thanks
I got accepted in principle for a mortgage with Bluestone in May 2017. I have been on a DMP for 3 years due to divorce currently owe £7000 had one default on my account which I cleared so have 0 in past 12 months. Have car finance currently £2500 left. All debt will be cleared upon sale of property. I have now sold my house subject to contracts and obviously the mortgage offer needs to be processed again. Nothing has changed from when I was first accepted apart from for the past 10 months I have been in and out of my £1500 overdraft doing jobs on the house helping it to sell. Once the sale goes through I am staying with my mum for approx. 3-4 months during this time all debts will be paid and I will not have used my overdraft. Will Bluestone still accept me or will the fact I have used my overdraft affect this. Advice needed as If I am unable to get a mortgage then I won't be selling. I have emailed my mortgage advisor but he is on annual leave until 30th May. Thanks
0
Comments
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It should not be the end of the world dipping in to your overdraft.
There may be cheaper options than Bluestone.I am a Mortgage AdviserYou 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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