Hello,
I wonder if anybody could help please?
We are due to come out of a fixed rate mortgage on 31st October this year.
We are dealing with our debts and don't miss any payments. However, we do not have savings and dip into our overdraft each month before pay day - then its cleared again. I would say we use abiut £3-400 overdraft each month and then go back in the black. This has happened every month for years - (the overdraft is 'free' with the account.
Our home is worth about £130K and o/standing mortgage currently £75k.
My question is - will being in and out the overdraft make a difference when we want to re-mortgage?
If so I will make this my priority debt over the coming months and try and break the overdraft habit.
thanks
I wonder if anybody could help please?
We are due to come out of a fixed rate mortgage on 31st October this year.
We are dealing with our debts and don't miss any payments. However, we do not have savings and dip into our overdraft each month before pay day - then its cleared again. I would say we use abiut £3-400 overdraft each month and then go back in the black. This has happened every month for years - (the overdraft is 'free' with the account.
Our home is worth about £130K and o/standing mortgage currently £75k.
My question is - will being in and out the overdraft make a difference when we want to re-mortgage?
If so I will make this my priority debt over the coming months and try and break the overdraft habit.
thanks