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Looking into Buying our First House
Gaz35
Posts: 17 Forumite
Hi
Just wanted some quick advice as were going to see a mortgage advisor at the weekend.
We currently rent a house and have done for two years we now want to look at getting a mortgage , we have our deposit saved up for the budget we have.
i would just like to know would having a £1000 personal loan and having £2000 on a credit card stop us from being approved. we pay the loan on time and never miss a payment and with the credit card we pay this on time never missing a payment (usually the minimum payment but at times i have put more on it.)
we also still have money left over to save at the end of the month after all the bills ,rent , food etc have gone out.
Thanks in Advance
Just wanted some quick advice as were going to see a mortgage advisor at the weekend.
We currently rent a house and have done for two years we now want to look at getting a mortgage , we have our deposit saved up for the budget we have.
i would just like to know would having a £1000 personal loan and having £2000 on a credit card stop us from being approved. we pay the loan on time and never miss a payment and with the credit card we pay this on time never missing a payment (usually the minimum payment but at times i have put more on it.)
we also still have money left over to save at the end of the month after all the bills ,rent , food etc have gone out.
Thanks in Advance
0
Comments
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It will more than likely be knocked off the amount they'll lend you (and possibly more to take into account all the interest, and the risk it might pose). Also not great that it's on a credit card! Why don't you just use the savings to clear the debt? That's the only option that makes sense. You'll then have to save like mad to get that money back. Then look in a few months rather than right now.
If you have money left at the end of each month (presumably after spending, etc), why haven't you been clearing the credit card with it?
Jx2024 wins: *must start comping again!*0 -
Thanks for sharing this superb post..loved reading each and every post!!0
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