Preparing for a mortgage

[DobbyIsAFreeElf]

I am in preparation for applying for a mortgage. I'm looking at up to 12 months timescale. My Experian credit score is excellent. I have a few things to pay off before I am able to apply. But not sure which to prioritise
1- PCP car (12 months left on contract)
2- small amount on credit card
3- small amount on credit card
4- medium amount on store card (by now pay later plans so no interest)

I have 3/4 of my savings in htb isa and 1/4 in a standard saver.

To pay the pcp off it would involve using my standard savings and a small portion of isa savings.
Or to pay cards off my standards savings would cover it.

Which would you prioritise in paying off first? My plan is to either pay the pcp or 3 cards then plough back into my savings.

Have you seen a broker yet? I work for a broker and almost every application I deal with has a car loan or credit card and it’s not a problem so long as they can afford the mortgage. I’d see a broker first if I were you, they can advise max lending now, and if you had paid these off.

What August said.

I've not seen one yet as I wanted to get everything paid off to maximise my lending potential. I'm single so only my salary to go on the application.

It sounds like the car will be paid off by the time you get the mortgage anyway. When you apply you can tell them loans will be paid off when you draw down the loan. I’d prob keep savings for all the moving costs.

Cutting down your spending on discretionary items also helps your affordability.

They assume that you're too stupid to stop buying fun things when you have a mortgage to pay so you have to pretend you don't eat out, use coffee shops, buy clothes etc.

I don't know about impact on mortgage application, but generally you should pay off the thing with the highest interest rate first, and then take the money 'saved' and plough it in as additional money into the next most expensive loan.