first time buyer query

hubert_cumberdale

me and my partner will be looking to get a mortgage in about april next year

for the last year i have been plowing through debts at the tune of £1000 a month and by then i will be left with about 8k left on a loan with £170 payment a month.

we should have about 20k deposit for a 160k - 170k house

i earn 26k should be about 27k in jan
shes earns 23k and owes nothing

the banks websites say i should be able to borrow between 150k and 168k how accurate are these figures if they are fairly true im guessing that i should be alright

any ideas or thoughts - i thought i was in a bad SOA but its looking a lot brighter since 12 months ago. - it definatley pays to pay the debts off -

for the record i have never had any defaults on anything and the creditexpert thing says "999" but i dont think much can be read into that

herbiesjp

You will be fine as long as nothing happens between now and then.

hubert_cumberdale

cheers for the fast answer thats great news and great relief

might try and get some more taken of that loan then as i want to get the most expensive house i can.

I would prefer to stretch my self to the limits for ten years or so knowing that i have a house that i can live in for a while and space for any kids that may arrive