HALP! Marine-Finance Woes and Debt Consolidation

MiniMog

Hi all!

Quick summary of our situation, advice greatly appreciated.

We own a narrowboat estimated at £38,000.
We want to buy a boat costing £45,000.
My boyfriend has an annual wage of £35,000.
He has debt of around £28,000 spread across credit cards with varying APR. (We're currently doing the shuffle to reduce the cost of this.)
Despite this, his credit rating is 978.

I am on a zero-hours contract and work as a freelance actor and therefore have very unpredictable wages.
I would guess I have a very good credit rating as I have a credit card with just £300 on which is paid on time every month and a mortgage of £15,000 - again paid on time without fail.

We thought we would apply for a loan to consolidate as much debt as possible and pay the deficit for what we need to buy the new boat once sold and Tesco have come out as the most likely to be successful and the best value.

My question is, are we stronger together as a joint loan or is he better to go it alone, as my paycheck last month was £12.10! We kind of have one shot to get this right, otherwise we would have to take out a costly marine-finance loan.


Thanks in advance!