My partner's fixed rate mortgage ran out about 6 months ago (was first-time buyer 2.5 years ago) so she's paying more than she'd like to each month now.
She applied for a Tesco 2 year fixed, went through the whole process including paying the fee, surveyor etc, but was turned down at the last minute because she'd used her overdraft too much over the previous few months (never went over her OD limit though). Didn't get the fee back either :-(
So now what should she do - plan is to wait for 3 months, use the overdraft as little as possible, then apply to another lender.
Any advice?
House cost £212k, with £45k deposit and £167k mortgage. I'm not on the mortgage for various reasons (incl. previous bankruptcy) although we might look again at this in a year or so. She earns £35k plus a bit of child benefit and c.£3.5k income from lodger.
Thanks in advance.
She applied for a Tesco 2 year fixed, went through the whole process including paying the fee, surveyor etc, but was turned down at the last minute because she'd used her overdraft too much over the previous few months (never went over her OD limit though). Didn't get the fee back either :-(
So now what should she do - plan is to wait for 3 months, use the overdraft as little as possible, then apply to another lender.
Any advice?
House cost £212k, with £45k deposit and £167k mortgage. I'm not on the mortgage for various reasons (incl. previous bankruptcy) although we might look again at this in a year or so. She earns £35k plus a bit of child benefit and c.£3.5k income from lodger.
Thanks in advance.