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Remortgaging advice needed!
angel549
Posts: 61 Forumite
I've just had notice that my current mortgage deal is coming to an end, so I now want to shop around and try to get better rates.
I've had a mortgage for 13 years with Santander, am now in my second property, direct debits from day 1 etc, so Im a good customer.
BUT... I've recently started stoozing! So in the past 6 months, I've applied for credit at least three times. I also have approx £6,000 worth of 'debt' across three credit card/balance transfer credit card accounts. I have more than £6,000 earning interest in current accounts, but my concern is that this will not show on credit checks, so they will just think i have debts.
Moreover, I'm guessing that when i apply for a mortgage, I will need to 'declare' these 'debts' even though I know that they are not really debts and could be paid in full tomorrow if needed (but I'd rather earn loads in interest first!).
My credit report shows that i have a 999 score and the only 'ok' rather than all good face is for income to debt ratio. Will I be ok applying for a new mortgage with good rates, or do i need to pay off all the debts first?
I'm new to stoozing, and this is also the first time that I will be shopping around for mortgage rates (previously my parents helped!). So any other advice would also be greatly appreciated, but I will of course be reading up via MSE :-)
I've had a mortgage for 13 years with Santander, am now in my second property, direct debits from day 1 etc, so Im a good customer.
BUT... I've recently started stoozing! So in the past 6 months, I've applied for credit at least three times. I also have approx £6,000 worth of 'debt' across three credit card/balance transfer credit card accounts. I have more than £6,000 earning interest in current accounts, but my concern is that this will not show on credit checks, so they will just think i have debts.
Moreover, I'm guessing that when i apply for a mortgage, I will need to 'declare' these 'debts' even though I know that they are not really debts and could be paid in full tomorrow if needed (but I'd rather earn loads in interest first!).
My credit report shows that i have a 999 score and the only 'ok' rather than all good face is for income to debt ratio. Will I be ok applying for a new mortgage with good rates, or do i need to pay off all the debts first?
I'm new to stoozing, and this is also the first time that I will be shopping around for mortgage rates (previously my parents helped!). So any other advice would also be greatly appreciated, but I will of course be reading up via MSE :-)
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