Hi, hoping for some help here. I currently rent (rolling contract) with my girlfriend but the landlord has now expressed his desire to sell. He asked me whether I had any interest in buying which got me thinking. First of all, I'm going to be homeless unless I raise some serious cash in the next few weeks! Second, I have literally no idea the how I'd ever go about getting a deposit.
As many say, renting is 'dead money'. So how do I go about getting a mortgage from the following situation:
-I have no deposit
-I work full time on salary of £18950
-I have worked in the same role for 5 years
-I live with my girlfriend who has a temporary contract approx £250 (she has worked 3 months guarenteed role until January - maternity cover).
Her credit score is 3/5 and mine is 1/5 :(
-I have no debts at all but she has a £1200 overdraft from university a few years ago.
Is there any hope of us ever getting a mortgage? Surely there must be something that can be done?
Any help would be greatly appreciated! I have absolutely no idea on mortgages - what is the best way to go?
If you were in my shoes - what would YOU do?
As many say, renting is 'dead money'. So how do I go about getting a mortgage from the following situation:
-I have no deposit
-I work full time on salary of £18950
-I have worked in the same role for 5 years
-I live with my girlfriend who has a temporary contract approx £250 (she has worked 3 months guarenteed role until January - maternity cover).
Her credit score is 3/5 and mine is 1/5 :(
-I have no debts at all but she has a £1200 overdraft from university a few years ago.
Is there any hope of us ever getting a mortgage? Surely there must be something that can be done?
Any help would be greatly appreciated! I have absolutely no idea on mortgages - what is the best way to go?
If you were in my shoes - what would YOU do?