Does anyone have experience of applying for a mortgage with heavy overdraft usage?

[Dragracer]

If anyone has any real life experience of applying for a mortgage with alot of overdraft use? It's always paid off on payday and never over the authorised amount.

Overdraft is essentially used as though it's a part of our money. But we have recently inherited so paid it and other debts off and have a 20% deposit but the bank statement honestly looks like someone gave a bank card to a 15yo.

Real experiences please, not just opinions on our situation. Tell me if you got accepted or rejected with your overdraft.

YANBU rejected
YABU accepted

Yes - about 10 years ago - nobody batted an eyelid and the mortgage was accepted no problem.

I panicked about this because not only did I have a large overdraft that I used every month, I also had some late payments on credit cards and some (old, paid off) payday loans. Got a mortgage with no problems at all.

They only looked at thre3 months statements for us last year so it will be straight soon anyway

I’ve had a bad year like this but am making a concerted effort to produce 3 months of statements with no overdraft usage.

Last time it didn’t impact my mortgage but I think it’s very lender dependent. I’m disadvantaged now as single
parent, so not taking any chances.

It basically depends how close you are on affordability I think, it can indicate you can’t afford it but depends on so may other things
like LTV ratio and income multiplier and other debts. It’s not going to be a Yes or No.

Mortgage adviser here

you’ll be fine as long as there isn’t over limit charges and it’s just normal usage