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Mortgage chances improved with debt consolidation?

Reason123
Reason123 Posts: 163 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Mortgages & endowments
Hi


I am due to remortgage in just over 6 months.


I currently have 2 credit cards and 1 loan.


Would I have a better chance of mortgage approval if I consolidated these debts into a single loan? (Around the same monthly payment combined)


Thanks

Comments

  • kingstreet
    kingstreet Posts: 39,444 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I can't see any reason why that would be the case.

    A recent search and new credit account close to a mortgage application could be downright harmful.
    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.
  • amnblog
    amnblog Posts: 12,784 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sounds like you are trying to solve a problem that does not exist.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Reason123
    Reason123 Posts: 163 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks both - I will stay with what I got.
This discussion has been closed.
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