Mortgage Advice- Overdraft

[almmortgagehelp]

Hi everyone- some help, advice and reassurance please!

 

My partner and I (first time buyers) have put an offer in on a house. We have got a mortgage in principle from Barclays for £152k based on having a 5% deposit of £8k for a £160k purchase. If our offer is accepted by the seller, then obviously we need to get started on a mortgage application. 

We are both in steady, permanent employment- I am a teacher earning £25,373 per year and he is a customer service advisor earning £17,500 per year plus bonuses. 

My only concern is that up until last month, I was living in my arranged, fee-free overdraft. I have never exceeded the arranged overdraft limit. I have just paid this off in full using savings. 

Other than this, I have never been charged fees on my account, neither of us have ever missed a direct debit payment, and we both have good credit scores. 

Will this recently used overdraft be a problem? As mentioned, it is now paid off in full, we have our deposit ready in a Lifetime ISA and I have just been paid so have a full wage in my bank account. 

 

Thank you!  

[Mark Rocks]

Hi there @almmortgagehelp - welcome to the forum!

I'm just moving this conversation to the 'General property discussion' board as I think you're more likely to get some answers on there