How will iever get on property ladder?

tschic

Removed after reply - dont need flippantly unhelpful comments.

opinions4u

Clear the debt.

Save a deposit.

Get a mortgage.

It's the same for everybody.

kingstreet

opinions4u wrote: »

Clear the debt.

Save a deposit.

Get a mortgage.

It's the same for everybody.

Is this the supposedly "flippantly unhelpful comment" because it looks bang-on for just about any scenario to me? :T

opinions4u

To paraphrase what the original post said:

"I'm 40, I'm in debt, how will I ever get a mortgage, it seems impossible".

OP, I'm sorry that you consider my reply unhelpful. But I have simply tried to break down the steps needed from where you are now to where you want to get to.

If you need help with managing your finances try www.makesenseofcards.co.uk and the Debt-free Wannabe part of this forum.

Before the Credit Crunch most lenders offered upto 95%-97% mortgages. Today most offer upto 85%-90% mortgages. So the extra deposit needed is slightly more. But house prices are around 10%-15% lower than 3 years ago - so what you have to commit on one hand is actually saved on the other.

Yorkie1

What is it with people who keep deleting their original posts because they don't like the help / advice being offered??

Henry_P_Chester

Yorkie1 wrote: »

What is it with people who keep deleting their original posts because they don't like the help / advice being offered??

Maybe what the OP wanted to hear was that 100% mortgages will be dealt out willy nilly to anyone regardless of credit worthiness so every man and his dog can buy their own house and get on the fabled "property ladder"

Well it's not going to happen so take the advice already given, work to clear your debts, save as much as possible and forget about the "property ladder" it doesn't exist.