Will i be ok?

essex_1988

We are looking to upgrade house as purs is too small, 

We currebtly owe aroubd 180,000 on mortgage and property is worth 350,000

We are looking at houses around 475000 mark

Husband earns around 90,000 a year i earn 13,000 

I curently have a credit card that has 2900 on it, last month i went over by 24 pounds but paid it off straight away and then did the minimum payment. I have been doing the minimum payment for some time which isnt ideal however this month i will be paying approx 2500 of it off 

Have i ruined our chances of getting a bigger mortgage? 

We have already remortgaged once last year and i did have a bit of debt then as well  but that was just because our fized rate hd finished 

ACG

£2,900 credit card debt on £103k income isnt a problem. 

The late payment could be, you should get a copy of your credit report. It might not be a deal breaker but it could be a problem. Sometimes if you bring it back in line quickly enough it wont get picked up... Id the CC witht he same company as your mortgage? 

Bluebell1000

Just to clarify, was it that you went over the credit limit rather than it being a late payment?

I know you haven't asked for this advice, but I'd suggest that you could (together) have a look at how you manage your joint finances, to avoid any potential problems with remortaging in the future.

ACG

Bluebell1000 said:

Just to clarify, was it that you went over the credit limit rather than it being a late payment?

I know you haven't asked for this advice, but I'd suggest that you could (together) have a look at how you manage your joint finances, to avoid any potential problems with remortaging in the future.

Their mortgage is less than 2x income and they have £3k on a credit card. 
My money is more on this being an oversight than a problem. The minimum payment DD is in place now. 

essex_1988

Just to clarify its 2900 i have been doing the minium repayments for a couple of months but i webt slightly over 2900 eg 2924 as soon as the text came through i paid it but it is showing on my credit report over then 2900 i have no credit and the 2900 is being paid off this month 

ACG

I think you will be fine. But it might not be a bad idea to get a broker. There are a couple of lenders I would avoid.

essex_1988

You have made me feel a bit better we have a broker as not confidebt doing thibgs on our own x

essex_1988

Our of curiosity who would you be avoiding? 

ACG

Nationwide really dont like people who are using a large percentage of their available credit... I feel like they would prefer to see someone using £500 of a £1,000 limit than £450 of a £500 limit.