CC age vs credit limit weighting.

EireEng

Hi all,

I'm not sure if this is best asked here or over in the mortgages section; admins please move if it'd be better there

My partner & I are FTBers and moved to the UK just over a year ago, so our credit history / UK address history only goes back 15 months.

At the risk of being chastised; I've signed up to Experian to get an idea of what affects my rating & roughly where I stand. (I do plan on cancelling soon !)

Following advice from a mortgage broker, we moved our phones over to contracts & got a capital one CC each to build up some repayment history.

The capital one cards both have £200 limits, which is showing up as a negative influence on my rating. Fair enough given how low it is. (They've sent me a letter saying they'll bump it up to £450 in Feb though )
I've spoken to our bank, who gave us a £500 overdraft without any hesitation, and they said on a preliminary soft check that we'd both get £1000 credit cards from our bank no problem.

If we apply for those cards, I'm confident we'll get them & hence our available credit would increase by a factor of 5, positive according to experian. But, we would then have a credit application <6 months old, and a lot of "young" credit on our histories, a negative.
We're looking to apply for a mortgage in the coming months; so are we better to leave it as is with an unused overdraft & small credit limit, or have more credit available but be seen to have recent credit applications? Or is it completely different lender by lender? If so, I fear it's a complete crapshoot

[Deleted User]

Ignore it.

Don't add new applications before a mortgage application.