Credit cards and changing mortgage

[Boules]

I’ve got three credit cards, one of those is with my mortgage provider.

I’ve got 2k on one, 5k on the other and less than £100 on the one from my mortgage provider. I pay off more than the minimum each month and have never paid late. My credit score is 999 out of 999 on Experian.

I swap the balances about to take advantage of 0% balance transfer offers. The 0% periods on the two with the big balances are coming to an end, but I can’t swap them with one another as I’ve only got a balance transfer offer on one of them.

I also have one on the card with my mortgage provider (the one with hardly any debt on it), so I could transfer one onto that, but I want to change my mortgage in about a year to a buy to let mortgage (with the same provider) and I’m not sure if it looks worse if my biggest balance is on their card? Or do they just look at the total debt between all cards and it makes no difference if it’s on theirs or another company’s?

Thanks in advance for any advice

Or do they even look at credit card debt if you’re just changing your mortgage from one product to another within the same company?

The mortgage company will want to know your monthly commitments, ie how much you have to pay each month to service the debt. They will then take this off your affordability. It’s not about how much you owe as such, but about the monthly cost. I don’t think it matters who the debt is with but I wouldn’t be opening any new credit accounts shortly before remortgaging.

Thanks @BumblebeeBum, yeah I won’t be getting any new cards as don’t want to hurt my credit score. so it’d probably be fine to just transfer the balance onto the card with almost nothing on it then (the one from same company as mortgage)

If you are just changing mortgage product with the same lender they won’t look at it in my experience

If you are simply changing product they won’t look and it makes no difference how many cards you have or who they are with. If you are changing to a buy to let it falls outside this I think, and will be considered a remortgage. So long as you are meeting your payments no problem and will be renting it out you should be fine anyway. Most new mortgage applications I deal with have these types of debts usually along with loans and car finance!! See a broker 6 months before you plan to change, they give you a better idea of if it’s possible.