Hi
I know I probably won't get a definite answer to this but would welcome people's thoughts (or experiences if anyone has had any similar) on this situation. We are currently in the process of moving (hopefully) and all we are asking our lender to do is move our mortgage from one property to another (not asking to borrow any more). We have never missed a mortgage payment and have also made regular overpayments. However, we have been asked to provide all documentation etc and I am worried because my account is permanently in my overdraft. I have never exceeded my overdraft and can clear it before providing statements (we have been putting money aside for the move) but obviously they are asking for last 3 months. The mortgage payments do not come out of this account and, as I said, have always been up to date. I'm really concerned now that they will not agree to our mortgage because of this :-(
I know I probably won't get a definite answer to this but would welcome people's thoughts (or experiences if anyone has had any similar) on this situation. We are currently in the process of moving (hopefully) and all we are asking our lender to do is move our mortgage from one property to another (not asking to borrow any more). We have never missed a mortgage payment and have also made regular overpayments. However, we have been asked to provide all documentation etc and I am worried because my account is permanently in my overdraft. I have never exceeded my overdraft and can clear it before providing statements (we have been putting money aside for the move) but obviously they are asking for last 3 months. The mortgage payments do not come out of this account and, as I said, have always been up to date. I'm really concerned now that they will not agree to our mortgage because of this :-(