Getting a mortgage with previous use of unarranged overdraft

hobn_162

I’ve recently gone into minus balance as an unarranged overdraft with my current account, and I can see it’s on my most recent credit report from this month. It’s something which has been cleared now, and but it has made my score go down a bit and I can see it’s on my credit report. 

I’m not looking to make a mortgage application for at least another year or two (and depending on what happens in the future) 

Will I ever be accepted for a mortgage with this being on my credit report? 

Would this affect the application if it happened over a year or two years ago when I come to eventually apply for a mortgage? 

If I continue to be more careful with my spending and boost my score up again (and be even more careful within the 3/6 months of running up to the application with spending.

Thank you in advance for any advice. 

chanz4

If you not always in it should be fine, as long as its an approved o/d

ACG

Ignore the score, its worthless. 
If you are applying in a year or 2, you will be fine. If you were applying in the next 2-3 months it might be a problem. 

As a general rule, it might also be worth trying to get out of the overdraft. People dip into it, thats fine. But if you are running it so close to the limit then its easy to go over. I normally say to people, if you get paid on the 1st of the month, you idealy dont want to be dipping into the overdraft until about the 20th. Its not a golden rule, so does not matter if it is earlier than that, but if your living in your overdraft from the 2nd of the month, it means that you are constantly living on borrowed money. It doesnt look great to an UW.