Not sure if anyone can help here. We are saving to buy late this year/early next. We can put away £900-£1,000 per month towards a deposit - BUT
...up to now we have been using that cash to pay off our debts. We have got rid of a lot, but personally I still have a few remaining - 3 to be precise.
1) £3.5k credit card
2) £450 store card
3) £900 store card
We want to start seeing that deposit saved but will NOT clearing these debts affect any mortgage application? We can of course pay off the debts first, perhaps not the credit card but the two store cards could go, but the psychological effect of feeling like we haven't saved anything may grate.
We really want out of our current situation. Any advice appreciated.
...up to now we have been using that cash to pay off our debts. We have got rid of a lot, but personally I still have a few remaining - 3 to be precise.
1) £3.5k credit card
2) £450 store card
3) £900 store card
We want to start seeing that deposit saved but will NOT clearing these debts affect any mortgage application? We can of course pay off the debts first, perhaps not the credit card but the two store cards could go, but the psychological effect of feeling like we haven't saved anything may grate.
We really want out of our current situation. Any advice appreciated.