Hi everyone
I am going to apply for a morgage tommorow for the first time. I am just so worried! My grandparents house has just been put on the market to my surprise and i would love to buy it. The house is up for 95k and i have got cash savings of 10k, so i have got a deposit. My worry is my bank account! I have always gone into my overdraft each month (-£1500) but my pay brings me back out. Will this effect me? Im paying my cash deposit into my bank today. This has all just happend to quick. The morgage payments will not be a problem for me or bills.Its just will my lender relise that? This is my status-Im 28, permanent employment for 6 years, annual income 30k, normally 8k overtime each year, and excellent credit score. I have got 2 loans £1400 each but both will be payed off if the application is succesfull. Will someone put my mind to rest please. I aint slept a wink this week :(
I am going to apply for a morgage tommorow for the first time. I am just so worried! My grandparents house has just been put on the market to my surprise and i would love to buy it. The house is up for 95k and i have got cash savings of 10k, so i have got a deposit. My worry is my bank account! I have always gone into my overdraft each month (-£1500) but my pay brings me back out. Will this effect me? Im paying my cash deposit into my bank today. This has all just happend to quick. The morgage payments will not be a problem for me or bills.Its just will my lender relise that? This is my status-Im 28, permanent employment for 6 years, annual income 30k, normally 8k overtime each year, and excellent credit score. I have got 2 loans £1400 each but both will be payed off if the application is succesfull. Will someone put my mind to rest please. I aint slept a wink this week :(