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Second Charges: Bank Account Authorised Overdraft Conduct
Is Authorised Overdraft usage acceptable to the Lender?
Yes - accepted
Authorised overdraft usage is acceptable. 3% of the overdraft balance will be factored into affordability if not being consolidated from the proceeds.
2 months ago  27 February 2024
Yes - accepted
Acceptable provided conducted satisfactorily.
2 years ago  01 September 2022
Yes - accepted
We accept applicants that use their overdraft
2 years ago  18 January 2022
Yes - accepted
Yes
3 years ago  12 August 2021
Yes - accepted
Yes
3 years ago  22 March 2021
Yes - accepted
Yes
3 years ago  16 March 2021
Yes - accepted
Yes
3 years ago  22 December 2020
Yes - accepted
Yes
4 years ago  16 September 2020
Yes - accepted
Authorised overdraft usage is acceptable
4 years ago  15 January 2020
Yes - accepted
Authorised overdraft usage is acceptable - 3% of the balance will be used as a monthly payment for the affordability assessment.
4 years ago  15 January 2020
Yes - accepted
Authorised overdraft usage is acceptable.
4 years ago  15 January 2020
Yes - accepted
Authorised overdraft usage is acceptable - Any non consolidation balances will be included in expenditure calculations at 2%.
4 years ago  15 January 2020
Yes - accepted
Authorised overdraft usage is acceptable - Affordability will be calculated using an estimated monthly payment at 2.5% of the outstanding balance.
4 years ago  15 January 2020
Yes - accepted
Authorised overdraft usage is acceptable - a monthly payment of 2.6% of the overall balance will be used for the affordability assessment.
4 years ago  15 January 2020
Yes - accepted
Authorised overdraft usage is acceptable.
4 years ago  15 January 2020
Yes with conditions
Yes, subject to the account being maintained satisfactorily and within the agreed overdraft limit. We consider the impact of our proposed mortgage on the applicant's expenditure and whether the proposed mortgage payment would be serviced given the overdraft.
2 years ago  13 December 2021
Yes with conditions
Yes. Subject to debenture and any required waiver
3 years ago  07 April 2021
Please Refer to Lender
Refer
4 years ago  15 January 2020
No - not accepted
No
5 days ago  19 April 2024
Information
Second charge product range not currently available - Please speak to your business development manager for lending options.
2 years ago  02 August 2022