Hi all,
apologies if this is a very generic question...
My partner and I are in the process of applying to mortgage broker for a mortgage on a flat that we like.
Unfortunately, this happens to have occurred at a time when the joint rent has just gone out of my account and I'm overdrawn by about £900. In about 2 weeks time my wage will land and even accounting for any extra spending between now and then, my overdraft will almost certainly be cleared.
I and my partner are extremely concerned that my current financial state will mean we won't get a suitable mortgage offer and we'll have to abandon the whole thing.
Can anyone suggest whether a state of being 'temporarily' overdrawn i likely to make a difference, if I can demonstrate that I'll be in credit again in a couple of weeks (which I can, as they're receiving bank statements from the last 3 months)?
I should also say that there are no issues with my credit rating and that for the last couple of months the situation of going overdrawn and then coming out again has been the norm.
Cheers
apologies if this is a very generic question...
My partner and I are in the process of applying to mortgage broker for a mortgage on a flat that we like.
Unfortunately, this happens to have occurred at a time when the joint rent has just gone out of my account and I'm overdrawn by about £900. In about 2 weeks time my wage will land and even accounting for any extra spending between now and then, my overdraft will almost certainly be cleared.
I and my partner are extremely concerned that my current financial state will mean we won't get a suitable mortgage offer and we'll have to abandon the whole thing.
Can anyone suggest whether a state of being 'temporarily' overdrawn i likely to make a difference, if I can demonstrate that I'll be in credit again in a couple of weeks (which I can, as they're receiving bank statements from the last 3 months)?
I should also say that there are no issues with my credit rating and that for the last couple of months the situation of going overdrawn and then coming out again has been the norm.
Cheers