Should I lower my credit card limit ready for mortgage?

evansc1

Hi




Looking to buy first house in the summer.


I currently have a credit card with Lloyds who are also my main current account holder.


I have a limit of £5,800 on it but haven't used it for a good while (3-4 months).


I'm going to start using it again for day to day shopping, fuel etc, and follow my compulsory philosophy of paying off as soon as I use it.


This obviously doesn't get anywhere near the £5,800 limit so was wondering if it's worth me lowering this limit? Will a lender rather me having a smaller limit so that there is less risk that I may go crazy and spend loads? Or will they see it that I have money to spend but never go beyond my means and always pay on time?


The lowering may also bring a credit check on my record? Presumign it would be a hard check not a soft one? Lowered my overdraft a few years back and presume it would be the same?


Currently looking to go with the Springboard mortgage and hear they can be pretty strict so want to make sure that I have as few potential negatives as possible


Sorry lots of questions there...


Thanking you!

amnblog

Don't waste your time worrying about trying to improve your credit.


Just live normally and pay everything in full and on time.


Anything else will be of no value.