We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First time buyer with 20k debt but not bad debt
Comments
-
If I had 20K outstanding on credit cards/loans, I absolutely could not claim to have a deposit available to buy a property. The deposit money would go towards clearing the debt.0
-
When we got our mortgage last year they deducted £20k from what we could borrow due to debt.
£11,000 on credit card (this was actually a typo, actual amount was £1,100 lol but didn't realise till the offer came through)
£3,300 Loan (1yr into a 5yr term)
£6,700 Government Student Loan (which I was surprised they counted)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards