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Mortgage application & overdraft

3 replies

SnowBells · 23/04/2014 23:29

DH & I have separate accounts. There was a period in the last six months where he was in overdraft (we had to move flats unexpectedly due to last one being sold by the landlord and also had pre-arranged holidays). I should have paid his overdraft as I had enough in investments, as well as in my account, but as we knew that a bonus was coming in within a matter of a couple of months, we just let it be. It was also well within his agreed overdraft limit. He is well out of it now. And I currently have a lot of cash in my account (in addition to deposit, etc.), and we're hoping we will never make use of that overdraft facility again.

Also - please bear in mind, DH doesn't even have credit cards (I do). So the overdraft is really the only time he borrowed money

Will this affect a mortgage application??? Confused

OP posts:
Gemma77 · 24/04/2014 06:33

We have an overdraft and it didn't affect our mortgage application at all (natwest). As long as he is within the agreed limited I really don't think you need to worry.

Fuckeroo · 24/04/2014 06:51

It'll affect it positively, using and repaying credit is a big win for your credit score.

SnowBells · 24/04/2014 10:13

Thanks a lot. Hope you guys are right!

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