My husband and I decided this weekend to go down the route of buying a house. Due to my previous debts and me now working on an ad hoc freelance basis we are opting to just apply in his name.
We aren't looking for a big place somewhere in the region of £80k and the in laws are offering to give us a £10k deposit and we intend to save £7-10k in the next year with about £5k going to the deposit and the rest for moving costs/legal etc.
Currently my husband has no debt apart from student loans and an overdraft which we're going to clear this month. In '06 we had a CCJ threat letter for unpaid council tax which we then paid immediately - would this cause problems?
He earns 35k on his own so could easily make the repayments on a this region of mortgage. However we've been wondering how his lack of debt will fair, he has never had to pay anything back apart from this overdraft. Should he take out a credit card and occasionally spend then pay back or just stay clear? Would his lack of credit history cause a problem in applying for a mortgage?
I know this is really a real ramble but I just like to have things ironed out in my head and my notebook so I know what to expect.
Thank you for reading.
We aren't looking for a big place somewhere in the region of £80k and the in laws are offering to give us a £10k deposit and we intend to save £7-10k in the next year with about £5k going to the deposit and the rest for moving costs/legal etc.
Currently my husband has no debt apart from student loans and an overdraft which we're going to clear this month. In '06 we had a CCJ threat letter for unpaid council tax which we then paid immediately - would this cause problems?
He earns 35k on his own so could easily make the repayments on a this region of mortgage. However we've been wondering how his lack of debt will fair, he has never had to pay anything back apart from this overdraft. Should he take out a credit card and occasionally spend then pay back or just stay clear? Would his lack of credit history cause a problem in applying for a mortgage?
I know this is really a real ramble but I just like to have things ironed out in my head and my notebook so I know what to expect.
Thank you for reading.
