We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Overdraft Use Pre-Completion
RedCannon94
Posts: 77 Forumite
Hey
Due to complete on a property towards the middle of September.
Obviously wouldn't dare do anything like get new credit out until we have the keys but if you are to dip into an arranged overdraft, how problematic can this be? Lender is Natwest and we plan to exchange/complete on the same day according to our solictor.
Just have a few things we'd like to get ahead of moving in which may require the overdraft usage. Just gauging the risk.
Thanks in advance
Due to complete on a property towards the middle of September.
Obviously wouldn't dare do anything like get new credit out until we have the keys but if you are to dip into an arranged overdraft, how problematic can this be? Lender is Natwest and we plan to exchange/complete on the same day according to our solictor.
Just have a few things we'd like to get ahead of moving in which may require the overdraft usage. Just gauging the risk.
Thanks in advance
0
Comments
-
Can it be? Hugely, under some niche circumstances. (Like, for example, if you were right on the edge with affordability and creditworthiness such that they were wavering about underwriting - regularly using overdraft for gambling, payday loans etc.)
Usually, if it's after accepting the mortgage offer and there's nothing else to sign, it wouldn't be an issue at all and the lender wouldn't notice or care.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards