Mortgage Insurance Calculators About How it Works
   Back | How it Works
Securing an excellent mortgage offer with Revolution Finance Brokers couldn't be easier
1Get in Touch
Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.
2Submit Your Application
Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.
3Mortgage Completion
Revolution Finance Brokers will finalise the details and enable you to move forward without delay!
   Back | About
   Back | Insurance
   Back | Calculators
   Back | Your Mortgage Position
Your Mortgage Position
Bad Credit
Buy to Let
Development Finance
Self Employed
Mortgage for professionals
Equity Release
Expat mortgages
Interest Only
Mortgage Affordability
Mortgage Application
Income Types
Residential Mortgages
Commercial Mortgages
Property Types
First Time Buyers
Mortgage Declined
Offset Mortgage
   Back|Bad Credit
   Back|Buy to Let
   Back|Self Employed
   Back|Equity Release
   Back|Expat Mortgage
   Back|Interest Only
   Back|Income Types
   Back|Property Types
   Back|Offset Mortgage
   Back|Other Mortgages

Applying for a Mortgage with Credit Card Debts

Do credit card debts make it more difficult to qualify for the best mortgage rates? Read on for guidance about debt to income ratios and what they mean for mortgage approval.

Discover What Our Customers

Have to Say!
Discover What Our Customers

AboutAbout your mortgage

Single or joint mortgage?
What’s your yearly income?

Error: Yearly income income must be between £1 and £10,000,000.

Do you receive a regular bonus?

Error: Regular bonus must be between £1 and £10,000,000.

about your mortgage

Based on your yearly income,
you may be able to borrow


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

Almas Uddin2023-05-09
twitter  linkedin  

Applying for a Mortgage with Credit Card Debts

Millions of people have some debt, and having a credit card isn't unusual. However, if you have lots of short-term obligations or a substantial credit card balance, it can pose a problem when applying for a mortgage.

Here we'll explain how lenders view credit card debt and what factors will impact your likelihood of being approved for a mortgage.

For more help with finding a mortgage alongside credit card debts, give the mortgage advisors team a call on 0330 304 3040, or drop us a message at [email protected]

Can I Get a Mortgage If I Already Have Debts?

In most scenarios, yes, you can get a mortgage even if you have a bad credit history. A lot depends on what sort of debt you have and whether that means the lender will limit the amount you can borrow on a mortgage.

Each lender will assess your application for affordability - they will look at your monthly credit card payment and deduct that from your income to work out how much you can afford to repay.

Provided you earn enough to pay back the credit card and cover your mortgage costs, you shouldn't have too much difficulty finding a mortgage.

Some lenders have strict criteria around short-term debts, so it is vital to consult an independent broker who can help evaluate your debt to income ratio and recommend the best solution.

Why Revolution Brokers?

Whole of market brokers Whole of market brokers

Mortgage that suits you Mortgage that suits you

On time customer support On time customer support

How Important is Credit Card Debt on a Mortgage Application?

If you have other debts, the lender will need to check how well you manage your finances. For example, if you have multiple credit cards and are up to 100% of the balances, it may indicate that you aren't financially stable.

The affordability assessment will look at your credit card repayments to determine a cap on the mortgage they can offer.

For example:

  • You have a credit card with a £5,000 balance.
  • Each month, you need to repay a minimum of 3% of the balance.
  • The cost per month is £150, and this is deducted from your income to arrive at an affordability assessment.

Can I Get a Mortgage if I Have Recently Applied for a Credit Card?

Every credit application requires a credit check, and this applies to both credit cards and mortgages. The credit card provider may run a hard or a soft credit check - hard credit checks remain on your credit file and are visible to a mortgage lender.

Having an application on record won't make a lot of difference to your mortgage application, but each check will usually mean your credit score drops slightly.

In some cases, having a credit card can be seen as a positive. Not having any credit score at all is almost as complicated as having a bad rating. Provided you can demonstrate responsible borrowing and that you're not taking out more loans on credit cards than you can repay, they aren't usually a big problem.

Can I Get a Mortgage if I Have Heavy Debts on Credit Cards?

Possibly - it depends on how much you owe and across how many accounts.

Some types of credit are less risky than others. For example, a car repayment financed through a low-interest credit card isn't as high risk as excessive retail spending.

If you have credit cards maxed out to their limits, it might be more of an issue. Using 100% of the debt facility can present a potential risk factor.

Should you have heavy debts and have missed some of the payments, it will undoubtedly make a mortgage harder to secure and may mean you are offered less competitive rates from those lenders who are prepared to make an offer.

What Can I Do if my Mortgage has been Rejected Due to Credit Card Debt?

There are lots of options available. The best action is to give the Revolution Broker team a call - our whole-of-market team can negotiate mortgage borrowing on your behalf in almost any adverse credit scenario.

The key is to find a lender who will accept a bad credit applicant and look at ways to reduce the risk. One option is to consolidate the debt into a mortgage.

Can I Consolidate Credit Card Debt in a Remortgage Application?

You can indeed. It's a common way to leverage the equity in your home to repay short-term debt and get your finances back under control.

By remortgaging, you either increase your mortgage value or take out a new mortgage to pay back the existing one. The balance is increased to cover the repayments of your credit card debt.

Is it Best to Pay Back my Credit Cards Before Applying for a Mortgage?

If you don't have any credit card debt but have a healthy credit rating, your application will be looked on more favourably.

However, it all depends on the circumstances.

Should you have an adverse credit rating and have arrears on file related to your credit cards, these will show on your credit report for up to several years, even if you have since repaid the debt. In that scenario, it might be beneficial to keep the savings and use them for a larger mortgage deposit.

What are the Other Eligibility Factors in Getting a Mortgage with Credit Card Debts?

Affordability and eligibility are just part of the lender assessment process for mortgage applications.

They will consider what sort of credit issues appear on your file, when they occurred, how serious they were, and if you have since repaid your borrowing.

Lenders will also look at your age, with some having upper age limits on the maximum age they will lend to - usually around 85, although not all mortgage providers have limitations.

Applicants with credit card debt approaching the age cap will find it more challenging to be approved for a mortgage.

Another factor is the type of property you are buying. If you are taking out a residential mortgage to purchase a home, your credit rating will be vital in whether a lender approves your application.

Suppose you want to mortgage a buy to let investment or purchase a second property. In that case, you're less likely to be approved if you have substantial credit card debts - unless you consult an experienced broker who can negotiate terms with a specialist bad credit lender.

Expert Advice on Mortgages with Credit Card Debt

Having pre-existing debts in no way means you won't be able to find the mortgage you need. Give us a call on 0330 304 3040, or email at [email protected] for an independent assessment of your circumstances.

Our team is whole-of-market with extensive experience in all types of credit scenarios, so we are on hand to help you identify the right lender and mortgage product for your needs.

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

twitter  linkedin  

Further Reading

Explore Explore Our Presence Our Presence

Explore Explore Our Presence Our Presence

Securing an excellent mortgage offer with Revolution Finance
Brokers couldn't be easier:

Revolution Mortgage Brokers:100% 100%
Independent & Whole-of-Market

As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

Refer, Relax

andget £50get £50
We are proud
members of the:
Refer, Relax

FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature.

We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

Ask the Expert
Mortgage Brokers

Revolution Brokers
What can we help you with today?
Do you have a particular timescale in mind?
Which situation from the below list best matches your requirements? *
Could you tell us the market value of the property?*
Please let us know a rough idea of your yearly income (before tax) for all applicants? *
Primary applicant name *
Contact email address *
Best contact number *