Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • Natwestftb
    • By Natwestftb 16th Jul 17, 5:44 PM
    • 4Posts
    • 1Thanks
    Natwest mortgage application when overdrawn
    • #1
    • 16th Jul 17, 5:44 PM
    Natwest mortgage application when overdrawn 16th Jul 17 at 5:44 PM
    Hi, looking for advice/ experiences please! I have a decision in principle with Natwest for a new build help to buy mortgage. Our full application is now with the underwriters and I'm just wondering how likely it is that the mortgage application will be granted. I'm self- employed and currently owed money which is late in being paid to me. As a result, I'm a couple of thousand pounds in my overdraft. Account conduct is otherwise good and no issues with affordability in general. Is it likely to be automatically declined by the underwriter due to being in overdraft? Also, just wondering approximately how long it is likely to take to get a decision (I bank with them, if that makes a difference). Thanks very much.
Page 1
    • glosoli
    • By glosoli 16th Jul 17, 6:20 PM
    • 673 Posts
    • 391 Thanks
    • #2
    • 16th Jul 17, 6:20 PM
    • #2
    • 16th Jul 17, 6:20 PM
    Unlikely to be declined due to the overdraft usage. It is an agreed credit facility after all. As long as it is all relative to your income there shouldn't be anything to worry about.
    • Geoff1963
    • By Geoff1963 16th Jul 17, 6:44 PM
    • 1,055 Posts
    • 682 Thanks
    • #3
    • 16th Jul 17, 6:44 PM
    • #3
    • 16th Jul 17, 6:44 PM
    An overdraft is repayable on demand, but if they are happy to lend you 2K unsecured ; a secured mortgage should be relatively easier.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,312Posts Today

7,853Users online

Martin's Twitter
  • After the news I'm suing facebook over scam ads, people keep sending me ads with my pic in asking, ?is THIS ad with?

  • So Facebook just waxed lyrical about all the things they're doing to stop fake ads. Whoop de whoop. Yet THESE SCA?

  • Facebook giving evidence I believe just said "mr lewis said there are 50 ads, but we checked and found 1,000s".?

  • Follow Martin