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Overdraft - mortgage application
singh001
Posts: 19 Forumite
Hi
Myself and my partner have applied for a mortgage with Barclays. On my partners bank statements she has gone into her overdraft around 9/10 times throughout the month. Not by a lot roughly £40/£50. It gets paid of within 6/7 days as she is paid bi weekly and has two jobs. Will this effect the application? Getting worried they might decline due to this
Myself and my partner have applied for a mortgage with Barclays. On my partners bank statements she has gone into her overdraft around 9/10 times throughout the month. Not by a lot roughly £40/£50. It gets paid of within 6/7 days as she is paid bi weekly and has two jobs. Will this effect the application? Getting worried they might decline due to this
0
Comments
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Is it an arranged overdraft? - if yes then no issues. You are sticking within an agreed limit
Is it unarranged overdraft? - if yes then maybe an issue although it would have been picked up on the credit report1
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