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Mortgage application credit limit increase
Mortgage2015
Posts: 48 Forumite
I've been sent a letter by Barclaycard initial that my credit limit is increasing from £1400 to £1800 on the 1st March.
My DIP with nationwide is on the 12th March.
Will accepting the credit limit increase be ok?
My credit limits are
Capital One: 1300
Barclaycard: 1400 or 1800 with increase
Will 1800 look better for a mortgage application?
My DIP with nationwide is on the 12th March.
Will accepting the credit limit increase be ok?
My credit limits are
Capital One: 1300
Barclaycard: 1400 or 1800 with increase
Will 1800 look better for a mortgage application?
0
Comments
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I doubt this would even show on your credit file that soon and even if it did I wouldn't thought it would be an issue for a small relative increase. Lenders are more interested in your outstanding debt, and recent searches for credit, rather than a small credit limit increase.0
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It's so small an increase it won't make any difference at all.Mortgage2015 wrote: »I've been sent a letter by Barclaycard initial that my credit limit is increasing from £1400 to £1800 on the 1st March.
My DIP with nationwide is on the 2nd March.
Will accepting the credit limit increase be ok?
My credit limits are
Capital One: 1300
Barclaycard: 1400 or 1800 with increase
Will 1800 look better for a mortgage application?
If you had said Barclaycard was increasing my limit from £1,400 to £12,000 then you might have reason to be concerned but £400....forget about it. Accept the increase.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0
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