Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Mortgage question

  • 30-04-2018 8:19pm
    #1
    Mcarroll1989
    Registered Users, Registered Users 2 Posts: 1 ✭


    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


Comments

  • #2
    Liam D Ferguson
    Registered Users, Registered Users 2 Posts: 542 ✭✭✭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.


  • #3
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,861 Mod ✭✭✭✭Henry Ford III


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


  • #4
    NIMAN
    Registered Users, Registered Users 2 Posts: 34,694 ✭✭✭✭NIMAN


    14 months

    But still very impressive.

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


Advertisement