deposit vs debt

ang2999

Hi, my husband and i are hoping to apply for a mortgage in around a year, i have spent the last year getting both our credit files into order and now we are paying down our credit cards. I am paying £1200 a month to them over the next 6 months to clear them and then we will save the £1200 a month towards a deposit. My question is is it best to have 0 credit card balance and a smaller deposit or would it be ok to not pay them off completely so i can start saving a deposit sooner. I done a check on barclays affordabilty calculator and with our car, child maintenance and £5000 credit card debt it said we could borrow £230k, we are only looking to borrow £130k max so im unsure what to do for the best. Any advice would be greatly appreciated.

DayDreamerandGeneralWaster

Is there any interest on the debt? 

It sounds like you will be OK on affordability. A bigger ltv will unlock better mortgage deals. 

ang2999

No interest, as i have just done a 26 month 0% balance transfer with virgin

Wes121708

We were told that it's better to have a bigger LTV so held off paying any credit cards and just continued paying our usual off each month. 
We only have 10% deposit and were going to wait and pay off some of our cards to apply but it was fine as we still had affordability.
You might want to use a broker as we did as they give you a world of advice.

csgohan4

Debt impacts on affordability, do bare that in mind.