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Re: A plan
It's a great plan. Even if you use the house money to pay off the debts and rent for a couple of years then it is still a great plan. You can take your time, get a decent mortgage rate once your file is cleared, hopefully manage to get some savings built up. Even if you rent when you first move then consider buying in a few months once you are settled into the area and new jobs.
Sub Prime mortgages aren't the greatest thing on earth if you are just struggling to get yourself back on track after an indebted period. From your list of debts, an IVA does sound a tad extreme. Your payment plan's dealing with the main ones for now.
One bit I do disagree a little on is I would try get Lowe ll one under £750 as an SD would be a right PITB right now, regardless of whether you could defend it.
It's a great plan. Even if you use the house money to pay off the debts and rent for a couple of years then it is still a great plan. You can take your time, get a decent mortgage rate once your file is cleared, hopefully manage to get some savings built up. Even if you rent when you first move then consider buying in a few months once you are settled into the area and new jobs.
Sub Prime mortgages aren't the greatest thing on earth if you are just struggling to get yourself back on track after an indebted period. From your list of debts, an IVA does sound a tad extreme. Your payment plan's dealing with the main ones for now.
One bit I do disagree a little on is I would try get Lowe ll one under £750 as an SD would be a right PITB right now, regardless of whether you could defend it.
what I said is that, so far they've been happy with your repayments for 3 years. As always, it's up to you to decide. My comment was also based on the fact that you'd still have the option to reduce the debt to below £750 as noted here:
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