We sold our house 4 years ago and are paying the 42k that is outstanding. We are currently looking to buy and have 22k in savings. While I earn a very good salary and my husband has a permanent and pensionable position we have a 4k overdraft that we utilise every month.
Having done our sums we know that a mortgage would be cheaper than renting and paying off the loan but are concerned that having an overdraft will mean we won't be eligible for a mortgage. Looking for some guidance please. Thanks
Having done our sums we know that a mortgage would be cheaper than renting and paying off the loan but are concerned that having an overdraft will mean we won't be eligible for a mortgage. Looking for some guidance please. Thanks