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Cant see a light at the end of the tunnel
Jane91
Posts: 67 Forumite
I currently earn £20300 pa and i have 4 defaults against my name, all are settled but still on my file, there due to be cleared off by July 2015.
On my current earnings and with £7000 in savings by july i dont think il get a mortgage high enough to afford to buy a house.
Ive just used an online calculator from my bank and its looking at £56000
I dont particularly want to rent for the rest of my life but i dont know any way i can afford to buy
Any advice would be appreciated
On my current earnings and with £7000 in savings by july i dont think il get a mortgage high enough to afford to buy a house.
Ive just used an online calculator from my bank and its looking at £56000
I dont particularly want to rent for the rest of my life but i dont know any way i can afford to buy
Any advice would be appreciated
[STRIKE]Debt3 £1789.07 [/STRIKE][STRIKE]Debt4 £2508.36 Debt5 £2551.69 [/STRIKE]Debt6 £7500.00 Paid in Full[/STRIKE]
PAID DMP:j:j
Loose Change:beer:
PAID DMP:j:j
Loose Change:beer:
0
Comments
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When did you enter the DMP?
How much did you want to borrow?I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I think it was 2008-9 for the DMP
I was looking around the £100000 mark[STRIKE]Debt3 £1789.07 [/STRIKE][STRIKE]Debt4 £2508.36 Debt5 £2551.69 [/STRIKE]Debt6 £7500.00 Paid in Full[/STRIKE]
PAID DMP:j:j
Loose Change:beer:0 -
I think you might be looking for a little too much.
I reckon closer to £80-90k should be achievable plus your deposit on top. Its worth speaking to a broker.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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