Will it affect my application?

number249foot

Hi, 

My partner and I are in the middle of a mortgage application and they have requested 3 months bank statements. Last month one of my partner's standing orders bounced as the account was short by 90p. The standing order was to a friend's business who has been doing some work for us. The payments were a basic standing order covering 3 months and it was a friendly verbal agreement, so nothing has shown up on our credit scores and we incurred no bank fees/charges. We both have excellent credit scores and both have never had a late payment in 7 years. The standing order bouncing is the only blemish on our bank statements and it was quickly correct and paid. Will this affect our application? 

Thanks

Windofchange

No. Not unless your friend wants to take you to court etc etc.