Advice

Claire1604

We are looking to move house next year.

We are hoping to make £20-£25k on our house but was hoping to try and save some money also. The price of house we would probably be looking at would be a max of £150k with a 10% deposit.

We are working to clear all our debt before we apply and are aware that the mortgage companies will want to see 3 months worth of payslips and bank accounts and I'm
Under the impression they scrutinise EVERYTHING.

My question is should we try to save or use the money we would save to pay off the debt quicker and our overdrafts?

Any advice would be appreciated. My thinking is if we can pay off quicker it means there will be a good few months debt free before we apply for the new mortgage but I'm not sure if the £20-£25k will
Cover deposit fees etc.

Thanks in advance.

ACG

There are lenders who will do it either way.
There are also lenders who will not scrutinise your bank statements to the n'th degree but just check everything stacks up (ie wages come in, you pay your bills on time and are not bouncing DDs/going overdrawn etc) rather than looking at every transaction.

Speak to a broker, I think you will have options for whichever is your preference.