need some first time advice on buying a shared ownership property on benefits

sclugston12

I needed some advice basically here goes.

I am 21 and worked up until last year when i was medically retired by my employer, when i was diagnosed with multiple sclerosis, and iv been awarded some benefits, at the moment i get

dla £526 month
income support of £194 a week

my current debt is £0
savings £5500
and i have two defaults on my credit file from payday express for £291 in 2010 (ive tried to call and pay they just don't answer) and orange for £295 in 2011 (i never got a signal)

they property ive seen is a ground floor flat full value £100,000 and i wanted to buy a share of 25% (£25000), and the remaining 75% would be £370 in rent fully covered by housing benefit, as far as i can gather i cant get a mortgage, but my bank has offer me a loan for £20000 could i accept this and buy my share outright and just repay the loan to the bank, would i be able to get a mortgage with a default to payday express

im really confused as to where to start
i understand my credit reports are not perfect but it would be a relativity small debt

any suggestions i would be really grateful

kingstreet

You might want to talk to these people. I was very impressed with their advocacy on behalf of disabled people wanting to own their own homes.

http://www.mysafehome.info/

The adverse credit may be a deal breaker for the time being though.