L&C feeling very dejected

Yalpsmol

Both get help to buy ISAs whilst you can (think before november is the deadline) and start saving into them and clearing debts (and get partner used to not living in his overdraft if hes one of those). It'll be less stressful to be moving with reduced/limited debt and outgoings when making the commitment to the mortgage payments. Maybe you'll be able to afford something thats had better upkeep, too. The as and when costs could be considerable if it needs a rewire, new kitchen/bathroom, etc.

[Deleted User]

L&C are a 'free' mortgage broker so they only want vanilla cases and your case is not vanilla. Mortgage and property under £50k, high LTV, default on credit file, living in overdraft just one of these on its own would be problematic but you have a combination. You should also be on the application regardless of how you decide to divvy up the household expenses.

It sounds like you need a mortgage broker but not a free one like L&C. You will need to pay for the advice otherwise with a mortgage value that low it would not be worth a broker's time to place it unless of course one of the brokers who regularly posts on the forum comes along to say that you haven't a snowball's chance in hell of getting a mortgage even with a broker in which case you will need to rethink your plans.

bouicca21

First step: get over to the debt free wannabe board, and use the help there to start paying down those debts.

Wack85

Yalpsmol wrote: »

Both get help to buy ISAs whilst you can (think before november is the deadline) and start saving into them and clearing debts (and get partner used to not living in his overdraft if hes one of those). It'll be less stressful to be moving with reduced/limited debt and outgoings when making the commitment to the mortgage payments. Maybe you'll be able to afford something thats had better upkeep, too. The as and when costs could be considerable if it needs a rewire, new kitchen/bathroom, etc.

You're right, although it does have a new kitchen, the bolier, wiring etc are all expensive jobs if something should go wrong.

Thanks for the advice re help to buy ISA's I'll look into it

Wack85

bouicca21 wrote: »

First step: get over to the debt free wannabe board, and use the help there to start paying down those debts.

Just having a look now

babyblade41

OP, you seem to have a very sensible head on your shoulders...listening to such good advice..and taking action as well.

Sadly ,so often on this type of post, they want the answers they want to hear , not the ones they don't

If you want it hard enough you will find a way to overcome the debts, pay them off and hopefully look at asomething you would really want to live in rather than anything that is just about in your minimum budget.

Renovation costs can spiral so just beware in future

Wack85

babyblade41 wrote: »

OP, you seem to have a very sensible head on your shoulders...listening to such good advice..and taking action as well.

Sadly ,so often on this type of post, they want the answers they want to hear , not the ones they don't

If you want it hard enough you will find a way to overcome the debts, pay them off and hopefully look at asomething you would really want to live in rather than anything that is just about in your minimum budget.

Renovation costs can spiral so just beware in future

Thank you I really appreciate it. The whole point of the post was to tell me what I already knew but was ignoring, it's hard not to get swept up in the idea so you've all helped me massively

hb2

babyblade41 wrote: »

OP, you seem to have a very sensible head on your shoulders...listening to such good advice..and taking action as well.

Sadly ,so often on this type of post, they want the answers they want to hear , not the ones they don't

If you want it hard enough you will find a way to overcome the debts, pay them off and hopefully look at asomething you would really want to live in rather than anything that is just about in your minimum budget.

Renovation costs can spiral so just beware in future

I completely agree with this. It is a refreshing change to get an OP who listens and takes on board replies that are not what they hoped for. Many people flounce out in a huff!

OP, you seem to have a sensible grasp of the situation and I hope you eventually find a lovely property that you can afford and enjoy.

macman

Lenders won't be interested in the possibility that the default 'might' be removed in the future. It's on there now, and until it goes away, it's a reason why mainstream lenders won't touch you. So maybe concentrate on getting that removed, if possible.