You realize a home loan will definitely cost exactly the same or lower than your rent that you’ve paid without dilemmas for decades вЂ“ you can afford the mortgage so itвЂ™s obvious.
You are struggling to make debt repayments , the mortgage lender is likely to see that and you are very unlikely to get a mortgage if you know. You’ll want to invest many years getting the debts down seriously to more easily workable amounts.
You are also going to find it difficult to get a mortgage if you are in a debt management plan. You may well be very happy to keep on spending ВЈ5 a month with a debt that is old however the home loan company wonвЂ™t want it. Even in the event your financial situation defaulted significantly more than 6 years ago about themвЂ¦ read this article: Can I get a mortgage in a DMP so they arenвЂ™t on your credit record at all, the mortgage lender will still care? Continue reading We have debts вЂ“ can a mortgage is got by me?