Advice please

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RPN4X
RPN4X Posts: 24 Forumite
in Mortgages & endowments
Hello all,

So this year I will definitely be getting a mortgage, however, I have a few questions?

I’m on 22500 going up soon to 24/5k very soon.

I pay 200 child Maintanence.
I owe 5500 on CC’s and have 2 overdrafts, 1 for 250 and other for 1250.

Should I clear cc’s first or overdrafts? In my current position, would I actually be able to get a mortgage?

Thanks

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  • RPN4X
    RPN4X Posts: 24 Forumite
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    Also, roughly how much could I lend?
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    RPN4X wrote: »
    Also, roughly how much could I lend?

    As much as you want.

    It's borrowing which is the tricky bit.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
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    RPN4X wrote: »
    Should I clear cc’s first or overdrafts? In my current position, would I actually be able to get a mortgage?

    Clear as much as you can - you should be able to get so sort of mortgage yes.

    Without knowing your cash deposit and the amount you want to borrow no one will know if you can actually get one.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    How much deposit do have and what's the source?

    All very well owing a large amount on credit cards and having overdrafts. However home ownership comes at a cost. There's not just a mortgage to pay. Improving the state of your finances generally. Will have an impact in the longer term.
  • kingstreet
    kingstreet Posts: 38,766 Forumite
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    Put the details in lender affordability calculators and see!
    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.
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