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Mortgage Help.
Myself and my husband have been renting for 3.5yrs. Previously to that I was paying a mortgage for 5.5yrs. We had to sell the house because it was just crippling us. It couldn't be heated and we were spending so much money on oil, it was a new build but once the builder got his money he didn't care about everything that was going wrong. Anyway I'd got it through a scheme were I got a mortgage for 75% of value then after 5yrs had to put the other 25% on top. The whole thing was sold to us completely wrong so we cut our losses and sold up.
Now we'd like to buy again. But I'm worried as my husband is self employed. I only earn £7800 and we have a few debts. The house we want to look at is £70k we can put down at least 10% that my parents will give us.
Do you think we are wasting our time even trying?
Thanks.
Comments
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Depends on how big your debts are, whether you've got any nasties in your credit history, how much your husband earns, how long he's been self-employed, and the manner in which he's self-employed. You've given too little info for even an off the cuff yes/no answer, but those are some of the main areas which may cause a lender issues.0
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