Some advice please

Mimi_Arc_en_ciel

I wondered if you lovely people could help me - I'm starting to think about my living options and having never brought/owned a house I dont know whether i COULD buy a house (You'll see....)

Currently I rent a house and have lived here for 3 years with my 2 kids - The rent is costing me £350 a month. I'm quickly reaching my 30's (:eek:) and I work part time (but have a REALLY good job, and have been employed by the company for 3 years so far)

I have no debts/OD/CC etc

Now here's the thing:

I actually stand to inherit a house - However, the house is stood empty at he moment, is getting damp - needs a HELL of a lot of work to it but there's nothing i can do (Nana is still about but lives in another house, wont let me move in or do anything to this house until she is no longer with us - not a nice thing to think about)

Now rather than rely on this house - I am considering looking into what i need to do to get a mortgage etc and whether it would be "worth" me doing - or even "IF" i could

I know you have to have a deposit (which im working on - I've read somewhere its approx between 15% - 20% of the value?)

Currently, the 3 bed houses in our area are going from between £55k - £250k (Big difference!)

Now I apologise for being completely blank and unaware about these things but hey, if you dont ask you will never know!

What are the things i need to be looking at ? (Financial wise etc)