Please bear with me as I'm not very good at explaining things.
Basically the run up to this situation is this:
I was a student 2007-2010. While at uni we were robbed and I had to replace a laptop (insurance wouldn't pay as one girl had been giving keys to boyfriends - whole other issue). This put me into my student overdraft. After I graduated I returned to a 16-hour-a-week job on minimum wage in a clothes shop. I tried finding another job but it was very hard. My outgoings overtook what I had coming in because the store changed their policy and told us we had to purchase new stock to wear as uniform every season and we would be penalized if we didn't. At the same time the prices of the clothes went up (funny that). Basically I ended up further and further in my overdraft. I've never gone over the agreed limit (£1500).
FINALLY I got a full time job on £18,000 a year in September last year. This year myself and my partner got serious about buying a house together. He is brilliant (and an accountant) and has been saving for years, he has £15000, his dad is gifting us £10000 and on top of that he is lending us £20000 to bump our deposit up to £45000. We started house hunting and at the same time I started paying off my overdraft. However we found a house a lot quicker than I thought we would and now suddenly we are at the stage where we need to get an Agreement in Principle from a mortgage provider to put in an official offer on a property worth £179,950. I am still £1000 in my overdraft. I can pay it all off by the end of May, I have checked my credit report and everything says "excellent" on there. I have no outstanding store cards, no credit cards with a balance on, never missed a payment on ANYTHING. But I just want to ask people how bad my situation is if we walked into a mortgage brokers office this weekend?
I am learning to take over the company I work for in a few years, my boyfriend's salary immediately goes up to £36000 when he completes his chartered and his tuition no longer comes out of his salary, so our wages are only ever going to go up. I wanted to start paying it off sooner but its been one thing after another (mostly due to my sister getting married and it being very expensive to go back and forth between here and St. Ives where she lives for dress fittings and rehearsals. £70 a pop) but now I can really focus and get it done £200 a week between now and May 31st, but am I completely screwed anyway?
Really stressing myself out to the point of sickness over here!
Basically the run up to this situation is this:
I was a student 2007-2010. While at uni we were robbed and I had to replace a laptop (insurance wouldn't pay as one girl had been giving keys to boyfriends - whole other issue). This put me into my student overdraft. After I graduated I returned to a 16-hour-a-week job on minimum wage in a clothes shop. I tried finding another job but it was very hard. My outgoings overtook what I had coming in because the store changed their policy and told us we had to purchase new stock to wear as uniform every season and we would be penalized if we didn't. At the same time the prices of the clothes went up (funny that). Basically I ended up further and further in my overdraft. I've never gone over the agreed limit (£1500).
FINALLY I got a full time job on £18,000 a year in September last year. This year myself and my partner got serious about buying a house together. He is brilliant (and an accountant) and has been saving for years, he has £15000, his dad is gifting us £10000 and on top of that he is lending us £20000 to bump our deposit up to £45000. We started house hunting and at the same time I started paying off my overdraft. However we found a house a lot quicker than I thought we would and now suddenly we are at the stage where we need to get an Agreement in Principle from a mortgage provider to put in an official offer on a property worth £179,950. I am still £1000 in my overdraft. I can pay it all off by the end of May, I have checked my credit report and everything says "excellent" on there. I have no outstanding store cards, no credit cards with a balance on, never missed a payment on ANYTHING. But I just want to ask people how bad my situation is if we walked into a mortgage brokers office this weekend?
I am learning to take over the company I work for in a few years, my boyfriend's salary immediately goes up to £36000 when he completes his chartered and his tuition no longer comes out of his salary, so our wages are only ever going to go up. I wanted to start paying it off sooner but its been one thing after another (mostly due to my sister getting married and it being very expensive to go back and forth between here and St. Ives where she lives for dress fittings and rehearsals. £70 a pop) but now I can really focus and get it done £200 a week between now and May 31st, but am I completely screwed anyway?
Really stressing myself out to the point of sickness over here!