Credit rating options re mortgage application?

[thismonkeyhere]

Ok, not sure about best options for my forthcoming mortgage application-

I have a small loan, and some 0% credit card balances which I pay off in bits because there's no point using interest-earning savings to pay them off if they are 0%.

But - what to do with it re forthcoming mortgage application. Set to borrow about 2.8 x Annual Income and have a bunch of savings which should enable me to achieve around 51% LTV.

Which option, if any, will have least negative impact on my ability to borrow?

A - Leave them alone as they are. I believe large credit card balances are not 'good', whether or not there is a 0% common sense story behind them or not.

B - Take out one personal loan (at a very good deal) over 4 years or so to consolidate both current loan and credit card balances.

C - Pay them off completely out of savings and borrow more for the mortgage - giving a higher multiple of annual income and a higher LTV.

[Rick101]

In most cases I'd say pay off all debts.

[Sarnie]

A) If your affordability allows you to secure the lowest LTV mortgage whilst keeping the balances as they are then do that; the biggest debt you have is the mortgage, therefore secure the lowest rate you can on that debt.

And then, secret option;

D) Drop me a PM!!

[thismonkeyhere]

Sarnie said:

A) If your affordability allows you to secure the lowest LTV mortgage whilst keeping the balances as they are then do that; the biggest debt you have is the mortgage, therefore secure the lowest rate you can on that debt.

And then, secret option;

D) Drop me a PM!!

PM sent!