Hi,
I've a house valued at 115k, I've around 80k remaining on the mortgage to run over 16 years.
My main problem is that I've credit card unsecured debt of 25k shifted over various credit cards.
Ideally I would like to move to a bungalow as my wife has become disabled but I'm not sure what position that I'm in?
the new house would be more expensive than our current house around 150k.
I earn 41k and my wife 21k a year, credit rating is excellent over lifetime but not sure if I can still get a mortgage and continue to pay off the credit card as normal or would my application for a new mortgage be difficult due to the high credit card debt?
Would the lender think it less of a risk with a good deposit and still lend or should I pay off the credit card and start again.
We have no other loans or credit agreements.. just the mortgage..
I'm clueless :(
I've a house valued at 115k, I've around 80k remaining on the mortgage to run over 16 years.
My main problem is that I've credit card unsecured debt of 25k shifted over various credit cards.
Ideally I would like to move to a bungalow as my wife has become disabled but I'm not sure what position that I'm in?
the new house would be more expensive than our current house around 150k.
I earn 41k and my wife 21k a year, credit rating is excellent over lifetime but not sure if I can still get a mortgage and continue to pay off the credit card as normal or would my application for a new mortgage be difficult due to the high credit card debt?
Would the lender think it less of a risk with a good deposit and still lend or should I pay off the credit card and start again.
We have no other loans or credit agreements.. just the mortgage..
I'm clueless :(
