Debt and a remortgage application

Drrs

Hello,

Lorg time lurker, first time poster.

I'm looking to remortgage at the end of August and am trying to make sure I'm in the best financial position to do so at that point.

I currently have a loan (£7.4k, 4.8%) and a credit card debt (4k, 0% until April next year). The reason for the debt was a complete house refurbishment on an old property we bought, which has added more than £50k to the property value.

Payments are all well within manageable limits. I overpay on the loan, the mortgage, and the credit card, with enough to keep me living happily. I have a £2k savings safety net which I'm not willing to put towards the debt as I would feel uncomfortable not having anything to fall back on.

My question is: is there a 'better' debt to have when doing a mortgage application? My feeling would be to stop mortgage overpayments and credit card overpayments, and put these towards the loan to pay off quicker as it has the higher interest rate. But is a credit card debt less favourable to have? Or does it not matter?

Thanks in advance for any advice you can give.

Thrugelmir

Overpaying the loan would appear to the most appropriate choice financially. Irrespective of what you choose to do with the mortgage later in the year.