Mortgage, savings and debt

Phobos10

Basically I'm looking to get a mortgage, possibly towards the help to buy scheme.

Now my question hopefully in the right section is, I've currently got 2500 saved with 500 going in each month to savings.
I'm paying off a credit card with a balance of 3900 paying £200 a month currently. 0% interest.
And lastly a loan with a balance of £1200 with £100 repayments.

Do I carry on with this system I've got or use the savings to pay off one to reduce balances for a better credit score?

Current salary of £25000 and £5000 overtime, looking for around £125k mortgage
My partner has a salary of about £10000. Who will be on the mortgage too but has no debt

libf

What's the interest rate on the loan? What interest rate do you get on your savings? Might save you money in the long run to pay off the loan quicker.

When does the 0% on the card run out? Will you clear it by then at the current rate of payment?

Thrugelmir

Savings and debt do not sit in separate pots. What counts is the net amount.

Phobos10

libf wrote: »

What's the interest rate on the loan? What interest rate do you get on your savings? Might save you money in the long run to pay off the loan quicker.

When does the 0% on the card run out? Will you clear it by then at the current rate of payment?

0% will run out in 18 months which balance will be cleared at or before it ends