Saving for a mortgage with my OH, currently have about 5000 in my ISA, but I know I am coming into some money in August.
Question is whether I should pay off my interest free student overdraft now with my savings, so that by the time I get the extra money to replace it will have been out of OD for couple of months, as not sure if this will make me a better mortgage prospect? Or if being in my OD will make me an automatic no no.
Any ideas from brokers? Does interest free debt make a difference or can lenders not see this?
Question is whether I should pay off my interest free student overdraft now with my savings, so that by the time I get the extra money to replace it will have been out of OD for couple of months, as not sure if this will make me a better mortgage prospect? Or if being in my OD will make me an automatic no no.
Any ideas from brokers? Does interest free debt make a difference or can lenders not see this?