Will this affect my mortgage renewal rate

Planeahead

My credit card company has contacted me and offered to increase my limit. I never go anywhere near my limit just now and fully clear balance each month.

If I was to accept the increase limit, would this affect me in any way when it comes to getting my mortgage renewal rates at beginning of next year?

Isthisforreal99

Maybe, maybe not. No figures to be subjective.

But if you never use your limit why risk it?

ACG

If you stick with your current lender you will be fine.

If you switch lenders, it MIGHT have an impact. But realistically you would have had to have been extremely borderline to begin with. Even then with some lenders it might be looked on negatively, other lenders might see it favourably.

I would not be overly worried, just do what you preference is.

la531983

https://forums.moneysavingexpert.com/discussion/6676248/will-this-affect-my-mortgage-renewal-rate

No. They dont even credit check you (unless you are changing term or amount, or lender, but I am guessing you arent changing lender) and everyone in the same LTV band as you would get the exact same ones offered.