Barneyballbags
Old School Grand Master
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OK, so myself and my girlfriend are fed up of paying a large percentage of our wages each month, just to line the pockets of our landlord whilst he swans about over in Australia. This frustration has compounded itself since a friend of ours mentioned that the mortgage on his first property is costing him £70 a month LESS than we're currently paying in rent.
We want to get a mortgage to buy our first house, and using various mortgage calculators we've worked out roughly how much we can afford to borrow.
The trouble is, neither of us have what you would call a sparkling credit rating - we're more like Greece than the UK.. Here are some of the problems:
- My girlfriend had to declare herself bankrupt a good few years ago, thanks to an ex-partner of hers who basically stitched her up. She has been discharged for just over 2 years now.
- I'm currently under a debt management plan with the CCCS, and I'm paying off the final part of my debts (a small amount which I could pay off in two or three lump sums if needed).
- We both earn a relatively low income (~£34k between us, before tax).
Are we knackered?
We want to get a mortgage to buy our first house, and using various mortgage calculators we've worked out roughly how much we can afford to borrow.
The trouble is, neither of us have what you would call a sparkling credit rating - we're more like Greece than the UK.. Here are some of the problems:
- My girlfriend had to declare herself bankrupt a good few years ago, thanks to an ex-partner of hers who basically stitched her up. She has been discharged for just over 2 years now.
- I'm currently under a debt management plan with the CCCS, and I'm paying off the final part of my debts (a small amount which I could pay off in two or three lump sums if needed).
- We both earn a relatively low income (~£34k between us, before tax).
Are we knackered?