Preparing finances for a remortgage

I have about 10 months to go until I need to remortgage and am looking to do a "spring clean" to make myself an attractive borrower... To hopefully get the best rate I can.

I have access to circa £25k in credit via credit cards and overdrafts. No debt, i.e. zero utilisation. Very rarely use them (only sometimes to get that extra protection over £100 and then immediately paid off).

Here's what I have:
Credit card 1 - 7 years old - £12k limit
Bank a/c 1 - 5 years old - £3k overdraft
Credit card 2 - 3 years old - £9.5k limit
Bank a/c 2 - 1 year old - £500 overdraft

I could really run everything through bank account 1, and close the rest. I never use any of the credit, would a trim make a difference to lenders?


  • ACGACG Forumite
    22.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Realistically unless you are very borderline any changes you make on your accounts is unlikely to make any difference to the outcome. 

    Just decide what is best for you, close what you dont want/need. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • EnterUserNameEnterUserName Forumite
    84 Posts
    Fourth Anniversary 10 Posts Name Dropper
    Brilliant, thank you.

    Sounds like a case of overthinking it then!
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