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FTB with debt

TB1987 · 2014-06-26 15:47:18

Hi all, Looking for some advice please. Me and my partner have a joint income of £43,000 and we are hoping to buy my boyfriends parents house from them next October, we have been renting it from them for the last 4 years as they moved away. They are now looking to move abroad in Oct 2015 and would like to sell it to us as…

Comments

Jana83 Posts: 28 Forumite

28 June 2014 at 7:21PM

I'm not hugely money savvy by any means but surely it makes sense to pay off the debt first? Like others have said, you may have £1300 left every month but that amount of debt would surely make lenders think twice about your (past) attitude to money?
If it was me, I'd be happy with having around £250 / £500 left over every month and use the rest to pay off the debt ASAP.

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