My partner and I are looking into buying our first home in the next few months. Unfortunately up until tho month I have been on a temp weekly pay contract where I currently work (I have now been given a Permanent contract) and this has meant my overdraft now stands at £2000. However my experian credit report shows as "fair" and I have no outstanding credit cards or loans, and I have a deposit of 45,000 to put down (it is in inheritance and cannot be used to pay off my overdraft). I am just wanting to find out how likely it is that we will be accepted for a mortgage on a property valued at £145,000. Any advice would be great!
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