Pay off CC or keep for moving costs

SavingWolf

Hi,
My girlfriend and I are looking to move house soon, have a mortgage broker to work with but I have one question which may be able to be sorted before I speak to my broker or any potential lenders.

I have a interest free CC with £2k on it, we have £2k saved up in bank account which the plan was to use towards fees to help with moving i.e estate agent and booking fee..

Would I be better off paying the CC off now?

We have £55-60K equity on the property dependent on sale price which we could use after the sale to pay the moving fees?

Mortgage_Mark_2

In truth it depends how close to the bone you are with affordability; lenders will take a certain %age of the CC balance as a monthly commitment, but whilst it could be 5%; that's not a massive amount on a £2000 balance, so if £100 a month is going to make or break your application, pay it off.

SavingWolf

Thanks - we should be OK and I plan to pay off the CC debt with the equity during the process so we start with a clean slate...