Tag: Overdraft

  • Does Being in Your Overdraft Affect Mortgages?

    Does Being in Your Overdraft Affect Mortgages?

    Does being in your overdraft affect getting a mortgage? Yes, being in your overdraft can affect a mortgage application, but it does not automatically prevent you from getting a mortgage. Mortgage lenders will normally consider the wider picture, including how often you use your overdraft, whether you remain within the agreed limit, your income, regular… Read more

  • Does Using an Overdraft Affect Credit Score?

    Does Using an Overdraft Affect Credit Score?

    Does using an overdraft affect your credit score? Yes, using an overdraft can affect your credit score, although simply having an arranged overdraft does not automatically damage it. An overdraft is a form of credit and can appear on your credit report. How it affects your credit profile will depend on factors such as how… Read more