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Mortgage app with available credit
leereni
Posts: 377 Forumite
I do not have debt, however my credit report shows I have available credit of about £3000. I do not need and do not intend on using this credit therefore should I speak to the companies regarding decreasing the amounts prior to a mortgage application?
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Comments
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If you dont need it then get rid but it shouldnt make any major difference on an application.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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£3k of available credit is not excessive.0
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Thanks. I wasn't sure if having the available credit on file may show to a lender that other lenders are willing to give credit and this may be a good thing....0
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