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FTB Query
FallowfieldHillbilly
Posts: 4 Newbie
Hello all,
I am looking for some advice / guidance on the next steps and the likelihood of me getting a mortgage
We are looking to buy a property in the region of £150-£150k, we have 21k saved at the moment and will be looking to pay a 10% deposit with the rest to be used on fee’s and immediate spending when moving in. some of the deposit is in two HTB ISA’s which will help with the fees etc
I earn £21k PA my partner £30k, she has zero debt apart from a student loan
I however have a CC £5.5k on 0% until late 2018 with another £1.5k on another card, I expect to be able to clear the smaller CC by August, we are looking to approach London and county soon to arrange an AIP and get looking at finding the perfect house (is this how things normally work?). Will the CC figures cause us problems?
I have no adverse credit history, defaults, ccj’s, never missed a payment etc
I am looking for some advice / guidance on the next steps and the likelihood of me getting a mortgage
We are looking to buy a property in the region of £150-£150k, we have 21k saved at the moment and will be looking to pay a 10% deposit with the rest to be used on fee’s and immediate spending when moving in. some of the deposit is in two HTB ISA’s which will help with the fees etc
I earn £21k PA my partner £30k, she has zero debt apart from a student loan
I however have a CC £5.5k on 0% until late 2018 with another £1.5k on another card, I expect to be able to clear the smaller CC by August, we are looking to approach London and county soon to arrange an AIP and get looking at finding the perfect house (is this how things normally work?). Will the CC figures cause us problems?
I have no adverse credit history, defaults, ccj’s, never missed a payment etc
0
Comments
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You need to enter your details in lender online affordability calculators and see the impact of the card debt on your affordability.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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As above, providing it fits affordability lenders will not be worried about £5k balance with your incomes.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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