First time buyer and Business overdraft

chullbulla

Hi,
I am first time buyer and preparing for myself to apply for a mortgage when we will out of this crises, I am applying on the basis of my employment income, however, I also have small online business onside but not generating or showing any income from that ltd company, now I am planning to apply for a business overdraft, however, I am worried if it will stay on my personal credit report and impact my score? I am planning to apply for an overdraft now and expecting a mortgage application not before July under the current situation.

Thanks

Thrugelmir

The overdraft will be in the Company name. 

chullbulla

Thrugelmir said:

The overdraft will be in the Company name. 

Thank you sir, but will it impact my credit history and show on a credit report? if not I cany apply without hesitation?
I contact the bank but they gave me a confused answer.

Thrugelmir

The likelihood is that a credit check will be performed on the Company if the lender is aware of it. Dun and Bradsheet is the equivalent of the consumer credit agencies. 

chullbulla

Thrugelmir said:

The likelihood is that a credit check will be performed on the Company if the lender is aware of it. Dun and Bradsheet is the equivalent of the consumer credit agencies. 

Thanks so I can apply without hesitation.

chullbulla

Any one please?

chullbulla

I hope someone can confirm it.

Thrugelmir

Unlikely that a business overdraft will be granted without a personal guarantee. You would need to declare any liability on your mortgage application form.

chullbulla

Thank you for confirming