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Can too close to credit card limit affect mortgage application?
Sassii
Posts: 251 Forumite
Hi All
Last month I was too close to my credit card limit around 94% of its limit. Just yesterday my credit score decreased from excellent to fair because of that. I got AIP from Barclays but I'm not happy with it so I'm going to submit another 1st time buyer mortgage application with Santander.
I always Pay my credit card on full & on time.
Should I wait before submitting 2nd mortgage application up to credit score updated with new payment, or I can apply now?
Thanks for all
Last month I was too close to my credit card limit around 94% of its limit. Just yesterday my credit score decreased from excellent to fair because of that. I got AIP from Barclays but I'm not happy with it so I'm going to submit another 1st time buyer mortgage application with Santander.
I always Pay my credit card on full & on time.
Should I wait before submitting 2nd mortgage application up to credit score updated with new payment, or I can apply now?
Thanks for all
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