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Noah
NOAH
Posts: 2 Newbie
Hi advice needed !!
Mortgage £93000 House aprox value £350000
Credit card debt 8000
car loan debt 3800
overdraft 2500
House hold income aprox £22000
No missed morgage or card payments!!
Aprox 15 years left on mortgage
Mortgage with B and B which no longer do mortgages
What chance have we getting new mortgage with enough extra to pay off existing debts above so have just 1 monthly payment which will be our mortgage only.
We pay £603.10 a month for our mortgage but could obviously afford more as would have no added debt !!!!!!!!!!
Please help with best advice
Mortgage £93000 House aprox value £350000
Credit card debt 8000
car loan debt 3800
overdraft 2500
House hold income aprox £22000
No missed morgage or card payments!!
Aprox 15 years left on mortgage
Mortgage with B and B which no longer do mortgages
What chance have we getting new mortgage with enough extra to pay off existing debts above so have just 1 monthly payment which will be our mortgage only.
We pay £603.10 a month for our mortgage but could obviously afford more as would have no added debt !!!!!!!!!!
Please help with best advice
0
Comments
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Halifax is one of the more "generous" lenders, however its affordability calculator indicates a maximum mortgage of £89,545 for a sole applicant with an "A" pass earning £22k, a LTV of 40% and a term of 15 years.
£108k does not appear feasible.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Any suggestions as what to do ?0
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Do a Statement of Affairs http://www.makesenseofcards.co.uk/soacalc.html post the result on the DebtFreeWannabe's forum and follow the advice you get, which will beAny suggestions as what to do ?- cut down your expenditure
- sell anything you can do without
- increase your income
- you cant cure debt with debt
- pay down your debt, usually highest interest first, but sometimes quickest repaid first
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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