Need a loan to consolidate a 15k credit card balance but been refused...

Gaz83

chesky wrote: »

So you want to take advantage of a scheme which was brought in to help first time buyers. And to do this you have to sell TWO properties.

Nice!

Yeah, this was my thinking. The scheme's designed to help folk struggling to get onto the housing ladder for the first time - not to help bail out folk with two properties who've been irresponsible with their cash.

TheAnalyst

Some people on here are so bloody righteous and condescending is actually makes me laugh. Do your research before running your mouth please, you know very little of my personal circumstances but just to clarify I'll fill you in.

Did you miss the part where I explained been financially supporting my family through my partners nursing degree and us having a child in the middle of that (so 4 years total!)?

I own my own flat yes, it's a small, two bedroom flat on the 5th floor (no lift) in a development filled with young professionals, not many families here at all and certainly not with very young children like we have.

There's no suitable outside space there for our son to spend any time, the development is right next to an industrial estate, a main road and 300 metres from a motorway, hardly the ideal location for a toddler to grow up. My partner also owns a flat (oh, imagine that!) it's a TINY one bed tenement flat in a fairly rough part of Glasgow, again on an upper floor, again completely unsuitable for a young family and besides that it's in joint names with an ex of hers and needs to be sold.

We plan to sell both the flats and purchase a proper family home through the help to buy (Scotland) scheme, otherwise, after paying out debts we will not have nearly enough of a deposit to afford the house we are looking at.

There's no "rule" that says you must be a first time buyer!

The Help to Buy (Scotland) scheme aims to help stimulate Scotland's house-building industry and to help people to buy a new build home in Scotland from a home builder who has been approved to participate in the scheme.

What is Help to Buy Scotland?
The Help to Buy (Scotland) scheme helps buyers to buy a new build home from a participating home builder without having to fund all of the purchase price.

HELP TO BUY (SCOTLAND) SCHEME

INFORMATION FOR BUYERS

The Help to Buy (Scotland) Scheme is a Scottish Government scheme to help people to buy a new build home from a participating home builder.

The scheme is open not only to first time buyers but also to all those looking to move up the housing ladder and provides help of up to 20% of the purchase price of a new build home.

Kindly do your research before jumping on your high horses!

ViolaLass

Anyone who spends 50% of their yearly salary on a car and whinges about not having enough money to do everything they want needs to look at their priorities.

TheAnalyst

ViolaLass wrote: »

Anyone who spends 50% of their yearly salary on a car and whinges about not having enough money to do everything they want needs to look at their priorities.

Excuse me?

My car costs me £350 a month, I bring in around £2400 a month myself, so clearly I don't spend 50% of my yearly salary on a car, that's a ridiculous way of looking at it.

I don't drink, gamble (apart from the lotto) or smoke, I have a nice car that's my "thing" and I also require a reliable car for work.

At no point have I pleaded poverty, we have a nice lifestyle, sorry if that's a crime around here lol! The point of the thread was simply to find out of a joint application would increase my chances of approval as it would free up over £300 a month if it did, not the case it seems.

Thanks for the helpful posts from people, I do appreciate the advice and it saves a wasted application, the best option is to use some of our equity to pay this off so that's what I'm doing, my flat's on the market as of Friday.

Over and out.

ViolaLass

TheAnalyst wrote: »

My car costs me £350 a month, I bring in around £2400 a month myself, so clearly I don't spend 50% of my yearly salary on a car, that's a ridiculous way of looking at it.

Interesting. You earn £38k, you owe £19k for car finance. I make that 50% of yearly salary. I need a reliable car for work too. It cost us £3k.

And I rather think you did plead poverty ("Had to support my wife and child, overspent by £5k a year, desperate to stop throwing money down the drain...")

Priorities, that's all.