Mortgage question

Mcarroll1989

Hi am currently applying for my mortgage..

I just want to ask the question to put my mind at ease about this.

Me and my partner have saved 23 thousand since last feb and are jus about to go for mortgage

Now I have a 3 thousand loan out which is down to 2300 and have never missed a payment

Only thing is I have an overdraft in my account which I sometimes go under according to my statements it is only an overdraft of a hundred euro

I'm hoping someone could get me know wether this will be a big deal for the banks or not

We are only going for a house with the value of 182

Liam D Ferguson

Mcarroll1989 wrote: »

Only thing is I have an overdraft in my account which I sometimes go under according to my statements it is only an overdraft of a hundred euro

Do you stay within the terms of your overdraft? If so, it shouldn't be a problem.

If you exceed your agreed overdraft so that direct debits or other transactions are bouncing and there are "referral fees" on your bank statements, that can be a black mark against you.

Henry Ford III

Saving €23,000 in 2 months is very impressive.

NIMAN

14 months

But still very impressive.

Makes you wonder why someone able to save so much needs an overdraft at all.