Personal debt level

Filo25

Have a look at some of the mortgage affordability calculators and play around with the numbers there, you should quickly be able to figure out the impact of various scenarios there in terms of paying down debt compared to boosting savings and if paying down debt the impact on paying down the various debt types.

Also worth considering the impact that higher savings could potentially have on your LTV band and mortgage rate.

Dribiddi

Additional question - when lenders ask for bank statements would they expect all bank account statements for the given period or just the main one your wages go into? I have 3 current accounts with Nationwide

Thrugelmir

Dribiddi wrote: »

Additional question - when lenders ask for bank statements would they expect all bank account statements for the given period or just the main one your wages go into? I have 3 current accounts with Nationwide

If the lender requests bank statements. Provide them all. Failure to disclose is more likely to raise more questions than answers, thereby creating suspicion. With financial affairs transparency breeds confidence. After all you are asking to borrow thousands of pounds from the lender.