Additional Borrowing & Overdraft
Additional Borrowing & Overdraft
Author
Discussion

edition

Original Poster:

987 posts

220 months

Sunday 12th July 2015
quotequote all
Hi,

Wanting to get some extra borrowing on our existing mortgage to fund an approx. £35k extension.

The debt that we have is mortgage and an overdraft (£1750 available) that fluctuates from plus £2000 to -£1000, I'm wondering how this will be seen by the lender??? I realise I could just pay the overdraft off but I had had it for years and never really worried about it.

Thanks in advance!


Sarnie

8,373 posts

239 months

Sunday 12th July 2015
quotequote all
Shouldn't be an issue if you've not been over the overdraft limit or your affordability is borderline......

edition

Original Poster:

987 posts

220 months

Sunday 12th July 2015
quotequote all
Thanks for the reply, no I have never been over my limit.

Hopefully my outgoings are small enough!