My wife is in a debt management program we have had a mortgage on a house for 7 years however we would like to move. However given the level of her debt £20,000 it does not seem possible to lend more off a high street bank and we would likely have to lend off a higher interest lender. My question is we have access to some cash through family so are we better paying off paying off her debt or keeping the money to use as a deposit. I say this as I'm aware that her debt management will be on her record for a few years even if we pay if off and will affect lending. Also as I have a very good credit rating and have never been in debt does this increase our chances of further borrowing. Any advice would be very much appreciated.
Submitted March 10, 2019 at 04:42AM by scoobyMcdoobyfry https://ift.tt/2HlLmk2
