Will these old debts affect our mortgage application?

hugsandpugs

Isthisforreal99 said:

Just clear the debts, you can afford to. How do you think it looks to a potential lender that someone has the means to clear a relatively small debt but doesn't. Is it really worth potentially losing a mortgage offer over.

Yes we will do that if that’s what they want, I just didn’t really consider it would be an issue tbh with it being a small debt and as I said I would have cleared them both sooner if we had money to do that. The money came through literally yesterday and the financial advisor emailed me like an hour later to say that they are questioning the payments on my bank statement. 

He has said there will be other options if they refuse but ideally we want the best deal possible and I’m sure he said NatWest is coming up the best interest rates for us at around 4. something %

ACG

You should be fine. I have had this previously with natwest. We just told them it was a debt from x years ago that has been paid off for however many years at £x per month with no problems. 

Assuming it passes affordability with these remaining then it should be fine.