Mortgage with Debt

funkyskunky

HI All,

I would appreciate some advice. I would like to get a mortgage for a house in the area.

Is it worth me going through the process if i have outstanding credit card debt? My debts are not defaulting in any way but it is there against me.

Please let me know.

Typhoon2000

I imagine the vast majority of mortgage applicant have credit card or other debt. So that nothing to deter you from applying. Your income can cover all you liabilities and passes the affordability for the mortgage then alls fine.

dimbo61

While waiting to get a mortgage sorted and searches,surveys done why not overpay the CC debts
The less you owe the better the chance you have of getting a mortgage its called affordability

getmore4less

How big are the debts

How much do you have in savings

funkyskunky

£9k on CC

No real savings.

Thanks for your advice

shop-to-drop

Is that no savings at all?

What about a deposit?

The amount of debt will reduce the amount you can borrow on the mortgage even if you can still get a mortgage but you will need a good salary and a deposit.