Unsure what to do next

Lauraliz

Hi there

I'm looking for some thoughts and advice on our situation.

I rent a little house with my daughter. Recently my partner moved in with us and the landlord is ok with this.
He has a house he rents out with his ex wife. Which has a host of issues with it. This house has a tenant and they are now going to sell it as a going concern. It is expected that it will sell quickly and there will be about £9k each after all the charges and fees.
We have been talking about buying together but this house has been a bit of a millstone, we have started saving for a deposit the last few months and this is building up quite nicely.
Now my questions are
1) are we better to take the money from this house and add it to the savings and keep going for a bit longer and save as much as possible or do we go to the bank once we have an offer on the house and see what they can do?
I know this is not my money and I have no say over how it is spent but we have had many long conversationsleeve about it.

2) it is better that my partner goes for the mortgage on his own as I have no credit history apart from some paid ccj's my ex-hubby left me with, I also have a bit of an odd situation at work as well as I work for a seasonal company (inflatable hire - castles and stuff) and I am contracted for 16 hours a week but Ihave always worked at least 20 hours a week in the winter and anywhere up to 55/60 in the summer months.

I know there is a lot of information here but we are unsure what to do for the best. Ideadly we want to buy somewhere that is cheaper and needs some work on it and the sell up a few years down the line and buy somewhere a bit better with a bigger cash payment and a smaller deposit.

Thanks for reading and all thoughts are welcome.

eddddy

Just one comment... has your partner and his ex investigated what their old house is worth if they evicted the tenant and sold with vacant possession. Often, it would be more.

Some LLs feel bad about evicting tenants who have done nothing wrong, which is fair enough. But the new owner might serve an eviction notice immediately anyway.

Lauraliz

The letting agents have been bought out by a bigger company and they have lots of landlords that are looking for properties to their portfolios. It is a very complicated situation and the ex wife is quite honestly bonkers so this is possibly the easiest way of getting rid of it.