Hi everyone, looking for some mortgage advice, I am looking to get a mortgage over the next few months with my partner. I am a self employed driving instructor earning around 24000 a year before tax and she is employed as a pharmacy dispencing technician.
I am aware that as I am self employed, I need at least 2 years certified accounts from a chartered accountant, I currently have 1 year that's why I know I will have to wait at least a year. Both our credit scores are good, my partner has no debt whatsoever, she has a credit card that she pays in full each month. However I have around 3000 pound outstanding on a credit card, I do make the minimum payment each month no problem and it is 0% interest for the next 2 years.
My question is will I still be able to get a mortgage if I have the outstanding debt, taking into consideration I do make payments on time?? My partner has doubts about this and I want to put her at ease.
Please note this is presuming I have the 2 years certified accounts and a substantial deposit which my partners parents are intending to help us with?
Any advice would be great :)
Thanks
I am aware that as I am self employed, I need at least 2 years certified accounts from a chartered accountant, I currently have 1 year that's why I know I will have to wait at least a year. Both our credit scores are good, my partner has no debt whatsoever, she has a credit card that she pays in full each month. However I have around 3000 pound outstanding on a credit card, I do make the minimum payment each month no problem and it is 0% interest for the next 2 years.
My question is will I still be able to get a mortgage if I have the outstanding debt, taking into consideration I do make payments on time?? My partner has doubts about this and I want to put her at ease.
Please note this is presuming I have the 2 years certified accounts and a substantial deposit which my partners parents are intending to help us with?
Any advice would be great :)
Thanks