Can we get a mortgage?

dlmcr

I pick up on some points raised:
Sorry but, A horse? at £400 a month? I have nothing whatseover against horses but if you are serious about house buying you will stop that expense.

no chance I will ever sell him", so that argument always stops quickly. - and you put a smiley at the end of that? Seriously? are you aboout 5?

Your partner offers a 40k inheritance and you offer : living in my overdraft. (in my opinion it is frankly embarassing to be earning 35k and not have any savings)

You two sound really, really immature in your attitudes towards money, living together and life in general so really I have no advice to give you other than your partner would do well to get rid of you, . Have a nice day <- see i put a smiley there too!

Toby84

I know a few people have got mortgages via a broker with 3 times debt that I have and with just over 4% interest rate ... and have read up on some stuff on here so don't feel too concerned with it.
I've also had a mortgage before and never had any issues. My oh could get a mortgage on his own if it caused a big issue which I don't think it will, plus I went through a broker when I was 22 and they did absolutely everything for me and we will also go down broker route they can look at more deals etc etc

Toby84

Wow what a polite response.

Really you cannot call someone immature that you do not know. You are making comments, rude comments to someone on a forum, that you don't have room to make. Based on a few words on here, which you have picked out and made some rude judgement.
The forum is for advice and not for insults, so if you have nothing nice to say don't say anything at all. Maturity teaches you this - but you should know being such a mature person posting insults! 😊 Big smiley face for you WISE guy :money:

Grant_Urismo

If he has 40k saved and earns 45k, he can get a mortgage to buy a house in the 175k range on his own... and to be brutally honest, if he was here asking, that's exactly what I'd be advising him to do.

My advice is to go to a mortgage broker, find out what mortgage you would get with debts and a horse, and also without debts or a horse. Go look at houses, and see how much worse your lifestyle, your OH's lifestyle and your future kids lifestyle will be if you keep the debt and the horse.

Then be grown up, wave a tearful goodbye to the horse, have a lovely wedding, live in a nice house and know deep in your heart that one day years from now when your beautiful daughter asks for a pony... you'll say yes

hazyjo

Don't give up the bloody horse - I'm sure it's as much family as a dog or cat would be. It's not like having a sports car or wine subscription. The immature thing would be to dump the horse. You sound responsible and mature to me. You took on a long term commitment and are sticking to it.

I'm 46 and don't have savings. Why is that embarrassing? We have a lovely life on my salary.

As far as the inheritance goes - well that's just semantics. You can't say 'this pound is specifically for this thing'. It should all be lumped together. Your debt and some will more than likely be taken off what they lend you. Your OH needs to see that by not putting that money towards your debt, he will still have even less in his hand at the end of the house purchase than if he'd paid your debt. I understand his reluctance, but maybe you could come to a deal that you won't build up debt again, and that you'll put X amount into a savings account each month which you either give to him, or put towards something nice for the house - or blow on a holiday. Perhaps whatever he chooses. Not all money needs to be 50/50. It's nice to have something of your own as well as maybe a joint a/c for the bills, mortgage, treats, etc.

Jx

ScorpiondeRooftrouser

hazyjo wrote: »

I'm 46 and don't have savings. Why is that embarrassing? We have a lovely life on my salary.

If something goes wrong, you will find out exactly why.

hazyjo

ScorpiondeRooftrouser wrote: »

If something goes wrong, you will find out exactly why.

I'm 46 mate, not 26 (and been a homeowner for 25 years). I think I've had my fair share of 'something going wrong' LOL. Thankfully will soon be nearly mortgage free, so enough in the pot then to fund anything that might crop up. I have bonuses which pay off other stuff, and would skip a holiday to fund anything else. Savings are fantastic - I wish I could! I just can't/don't at the moment - if someone finds it 'embarrassing', that's their shout.

cashbackproblems

Grant_Urismo wrote: »

If he has 40k saved and earns 45k, he can get a mortgage to buy a house in the 175k range on his own... and to be brutally honest, if he was here asking, that's exactly what I'd be advising him to do.

My advice is to go to a mortgage broker, find out what mortgage you would get with debts and a horse, and also without debts or a horse. Go look at houses, and see how much worse your lifestyle, your OH's lifestyle and your future kids lifestyle will be if you keep the debt and the horse.

Then be grown up, wave a tearful goodbye to the horse, have a lovely wedding, live in a nice house and know deep in your heart that one day years from now when your beautiful daughter asks for a pony... you'll say yes

My thoughts exactly, if i was him i would not be buying a house with you unless you contributed 50-50, you sold a house and basically still have nothing to show for it.

Toby84

Thank you this is the most normal sensible response I have seen.
There are some very judgemental people on here who make rude flying comments-but they don't actually know you or your life,responsibilities etc.
My oh doesn't want me to sell the horse anyway, it sometimes pops up in conversation but it's usually me that brings it up. My horse is a big responsibility she means the world to me. It would be like giving away or selling any other pet.
Someone said sell your horse and have a baby : how do you know if I can have babies???!
I did have savings for when I boight my first house, but again things happen in life and it is not always easy to save once you have the house the car and other financial commitments.
It's hardly the biggest crime : I got into debt and majorly got myself out of it, people make mistakes. Still have a bit to go but will get there.
Also I do have £1500 tied up in the property I am in now so once I have that back that's already either money into my account or paying part of my card off.
Thank you for your very grounded and normal response. Makes it worthwhile that I have registered for some advice.

Toby84

Above message was for hazyjo