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Advice needed please

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Mezza1979
Mezza1979 Posts: 48 Forumite
in Mortgages & endowments
Hi All

I have had a mortgage for the last 10 years. (and have good paayment history)

My boyfriend and I want to buy some where together towards the end of this year so i want to apply for another mortgage with him and then let my current property out.

I have some credit cards bills to pay and a small overdraft to pay off and i have cash to do this (but not enough to do both)

Would i be better to pay off my overdraft or pay of my credit cards ? Which would better in readiness to apply for another mortgage ?

Thanks, Mary

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Consider selling your existing property. Clear your debts totally. The additional equity may well help you to obtain a lower rate of interest on the new property.
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