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30 this month and still saving for first house....help wanted

2

Comments

  • leanne12345
    leanne12345 Posts: 92 Forumite
    Fourth Anniversary 10 Posts Combo Breaker
    We had debts of around £15k in total (loan, credit cards, overdraft), income of £20k plus £6k benefits and our broker got us a mortgage no problem with just a £4k (5%) deposit. We moved in 3 months ago so it can be done- good luck!
  • marksoton
    marksoton Posts: 17,516 Forumite
    leanne12345 wrote: »
    We had debts of around £15k in total (loan, credit cards, overdraft), income of £20k plus £6k benefits and our broker got us a mortgage no problem with just a £4k (5%) deposit. We moved in 3 months ago so it can be done- good luck!

    With a high street lender?
  • leanne12345
    leanne12345 Posts: 92 Forumite
    Fourth Anniversary 10 Posts Combo Breaker
    Yep it was Natwest
  • marksoton
    marksoton Posts: 17,516 Forumite
    leanne12345 wrote: »
    Yep it was Natwest

    Surprising.....
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Shocking. Pity they allow that. No wonder house prices are rising
  • leanne12345
    leanne12345 Posts: 92 Forumite
    Fourth Anniversary 10 Posts Combo Breaker
    marksoton wrote: »
    Surprising.....

    We were surprised too :rotfl:
  • Mrchelsea2005
    Mrchelsea2005 Posts: 6 Forumite
    leanne12345 wrote: »
    We had debts of around £15k in total (loan, credit cards, overdraft), income of £20k plus £6k benefits and our broker got us a mortgage no problem with just a £4k (5%) deposit. We moved in 3 months ago so it can be done- good luck!

    Hi leanne thanks for the message. That's great news! Obviously everybody's situation is different but it's nice to know that next year at some point we could be in a good position. Thanks again and congratulations on getting a house
  • Mrchelsea2005
    Mrchelsea2005 Posts: 6 Forumite
    Hi Cakeguts,

    Thank you for your message. I understand that owning a house is a costly process and not just at the start, that's why I'm doing everything I can to clear the debts I have and make something of my life. Thanks again
  • Mrchelsea2005
    Mrchelsea2005 Posts: 6 Forumite
    Hi

    Thanks for your reply. I don't really want to go in to how I got into this much debt, but I think the most important thing is that I'm doing something about it. Paying over half my monthly wage in repayments should suggest that. And unfortunately I can't clear this amount of debt overnight. I was just asking for advice and people's thoughts and luckily I got some others that were slightly more understanding and positive rather than saying there is no valid reason for me getting into debt. I think we'd all agree that we would rather be without our debts but surely the most important part is that I am getting them under control and bringing the amount down rather quickly

    Thanks again though,all replies are welcomed
  • marksoton
    marksoton Posts: 17,516 Forumite
    Mrchelsea2005 wrote: »
    Hi

    Thanks for your reply. I don't really want to go in to how I got into this much debt, but I think the most important thing is that I'm doing something about it. Paying over half my monthly wage in repayments should suggest that. And unfortunately I can't clear this amount of debt overnight. I was just asking for advice and people's thoughts and luckily I got some others that were slightly more understanding and positive rather than saying there is no valid reason for me getting into debt. I think we'd all agree that we would rather be without our debts but surely the most important part is that I am getting them under control and bringing the amount down rather quickly

    Thanks again though,all replies are welcomed

    I think people were just being realistic.

    You've not posted income figures but i'd say you're a fair way from home ownership.
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