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Advice about my finances before applying
Izzy8484
Posts: 34 Forumite
Dear all,
My Fiance and I are getting ready to apply for a mortgage in 6 months time so I just want to tidy up my finances even further to get the best deal.
The one thing I cannot find that much info about is having too much available credit.
My finances currently look as follows:
Salary: 43k, soon to go up to 50k
Debt: About 800 GBP on Amex (hopefully be paid off before mortgage application)
Available credit on Amex: 8.2k
Available credit on Barclaycard: 1.2k
Available credit on overdraft: 4k
We are first time buyers and are lucky that we have very low outgoings (child-free, no car loans etc.) and will have a deposit of about 55k. The houses we are looking for are in the 300-350k range.
My partner is also in a solid financial position.
Will having too much available credit make a difference?
My Fiance and I are getting ready to apply for a mortgage in 6 months time so I just want to tidy up my finances even further to get the best deal.
The one thing I cannot find that much info about is having too much available credit.
My finances currently look as follows:
Salary: 43k, soon to go up to 50k
Debt: About 800 GBP on Amex (hopefully be paid off before mortgage application)
Available credit on Amex: 8.2k
Available credit on Barclaycard: 1.2k
Available credit on overdraft: 4k
We are first time buyers and are lucky that we have very low outgoings (child-free, no car loans etc.) and will have a deposit of about 55k. The houses we are looking for are in the 300-350k range.
My partner is also in a solid financial position.
Will having too much available credit make a difference?
0
Comments
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No it wontI 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.0 -
Credit history and affordability matter most.0
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