Q:Hi all,
My husband and I have £12000 proceeds from the sale of our flat and some savings. We're currently in a rented flat-costing us 610/month. it was meant to be temporary while we looked for another property to buy…but should we use the money to pay off our debts- about £9,900 or should we buy a house and accept that money'll be tight for couple years till we pay off debt?
i feel its best to clear the debt but husband feels it's always best to get a house/mortgage and work on clearing the debt oer the next couple of years.
i'm on mat leave but plan to return full time. we earn about 56,000 combined annually and looking to buy house for 170000. nursery will cost around 650/month. debt reapyments are around 650/month but if mim payments are made would be a lot less (i know its always better to pay more than that). what would the mortgage costs be?
advice please
tags: debts, proceeds
posted in mortgage by admin
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