Looking to get a mortgage

aj2018

Hi
I'll try to keep it brief.
I am trying to get a mortgage in the next year. I still have approx 9k old debts to which I pay monthly payments. Some of the debts have been wiped of my credit file. So I am concentrating on paying the ones that are on my file first. All my accounts and current credit run perfectly now, I pay the balance each month. My credit rating is going up (although just read this is just a made up number ad doesn't matter). My Vanquis card keep increasing my credit limit it's now at 3k, I have 1K on Marbles.

So my question is should I reduce my credit limits to say 500 per card? I only use them for shopping etc, will this go in my favor when applying for a mortgage?

Thanks in advance.



I

[Deleted User]

Your limits are low. Keep them and accept any further increases that come your way. It will show that lenders trust you, whereas £500 limits imply that you're high risk.

Continue to use them and clear them in full each month. It demonstrates good financial behaviour.

[Deleted User]

What happened with this mortgage?

https://forums.moneysavingexpert.com/discussion/comment/73962859#Comment_73962859