Credit cards, loans and (re)mortgages

kimmer

Hi,

This time next year I will be coming towards the end of my mortgage fix and so am trying to prepare my finances to put me in the best possible position to get a decent re-mortgage deal but I have a credit card (approx. £6k) and a personal loan (approx. £4k). Unfortunately I won't be able to pay both off before my mortgage fix ends so I am wondering which one to focus on repaying (i.e., which one looks worse to a bank)? Obviously I would prefer to pay off my loan as my credit card is currently on 0% interest, but I assume that the banks would rather the constant repayment schedule of a personal loan compared to the unsecured debt of the credit card. Any advice would be appreciated.

Thanks,

Kim

[Deleted User]

Both are debts and impact affordability.

Pay off the highest rate to reduce it faster.