Fallen off the ladder

Pufzy

It's a long story and an emotional one. My Husband and I decided to take the great leap of faith to try life abroad. A dream come true. We thought.

We sold our house and set off, it all quickly turned sour and the money we made on the house was gone within a flash.

We desperatley want to get back on the property ladder. After being home owners for the 15 years we are now renting.

However on our return we had a period where we didn't have the income that we'd had previous, so we turned to our credit cards.

The credit card bills now total :£14,000.00
We have a bank loan of £11,000.00
We have savings of £6,900.00

So I was thinking of trying to get another loan to clear the CCs as this would then see a final date for that to be paid.

I know we can afford a mortgage, we had a mortgage of £1380.00 a month before, we just need to get these 'bits' cleared.

Then it's all about getting a deposit ......

What's the best way to clear the money owed - should I use my savings?

If we have a good history of a mortgage will this help in any way?

Are we going to be classed as first time buyers?

cheers for any advise.

Yours confused in a fuzzy haze of gloom.

x

Trollfever

Visit the debt free wannabee Board and post a statement of affairs.


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