Hi,
Advice needed please, I have £35k debt in credit card which I am paying off in September when my partner sells his property. I unfortunately have missed payments on these credit cards and cannot afford to make the minimum payments in the next couple of months. My partners credit score is good but mine is very bad due to missed payments and been over credit card limits on all cards.
Once I have paid off the credit cards off, will I have a chance of getting a mortgage this year?
Looking at property value of approx. £350k and have a deposit of £110/120k
Thanks!
Hi thanks for getting in contact.
A mortgage is likely to be possible later in the year when the debts are cleared especially with such a large deposit.
Please do be cautious with the amount you apply for on a future mortgage though as if you're currently in a situation where minimum payments are not affordable I have no doubt you don't want to put yourself in a similar position later down the line.
Paul Carmen
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