- Which type of debt is better when applying for a mortgage?
My mortgage is due for renewal soon and I have about 3k of credit card debt and about 2k left to pay back to the parents after having the boiler replaced. I pay out about £400 a month paying the two off.
Would the mortgage company see it in a more favourable light if I consolidated it in to a single loan payment of about £200 a month or should I just stick with it and explain the out goings/credit debt when they look at the bank statements?Posted 3 years ago
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