Large or Small Unused Credit Limit when applying for mortgage?

T

tatari

Registered User
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Hi - we are seeking to trade up this year. 10 years with AIB - no issues ever with repayments. Sum sought would be within the 3.5x income multiplier.

I have zero balance on AIB CC (limit €8k) and an overdraft facility of €2k which I dip into (~€300) fairly regularly for a duration of about 5 days.

Question - should I reduce my CC and OD approved limits in advance of applying for a trade-up mortgage? Or do banks prefer to see a higher amount of unused credit facilities?

Thanks !
 
Banks won't care about limits.
But they will look at the fact you regularly dip into the overdraft.
 
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