Extending credit on credit card but not utilising before getting mortgage

Hello all,

seen various threads on here and across the internet about extending credit before you get a mortgage but wanted to get a definitive answer from this thread. I’m looking to buy in May/June as a first time buyer. I have a credit facility of 2500 which I rarely utilise above 25%. Wondering if it’s worth me extending this credit facility upto 3500 before I apply for a mortgage? I am not planning to spend anymore on my credit card than I do currently so I’m theory utilisation would go down further but I’d have not available credit. Would this positively or negatively impact my ability to get a mortgage? 

Replies

Sign In or Register to comment.
Latest MSE News and Guides

British Gas prepay meter users...

...to pay less for gas from 1 April

MSE News

The 'odd Easter flavours' thread 2023

What bizarre food stuffs have you spied?

MSE Forum

Energy Price Guarantee calculator

How much you'll likely pay from April

MSE Tools