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Remortgage and credit card
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meanbean
Posts: 170 Forumite
Hi, I have a credit card but no debt on it, ie a balance of it as zero. I want to apply to remortgage in early Dec. Would I be best to close this credit card account, or keep it open with a balance of zero in terms of liklihood of meeting affordability criteria?
TIA
TIA
0
Comments
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No reason to close the account. Though I would add the caveat that your question has only been answered in an isolated sense. In terms of what you've asked.0
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It will make no difference whatsoever.Hi, I have a credit card but no debt on it, ie a balance of it as zero. I want to apply to remortgage in early Dec. Would I be best to close this credit card account, or keep it open with a balance of zero in terms of liklihood of meeting affordability criteria?
TIAI am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks. Would having a credit limit available via the credit card reduce the amount that could be borrowed? Would it be best to close the account if I wanted to maximise the remortgage amount?0
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No. Neither.
As stated, no impact whatsoever regardless of what you do. Leave things alone.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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