You understand a home loan will surely cost exactly the same or not as much as your lease that you’ve compensated without issues for decades – therefore it’s apparent you really can afford the home loan.
Once you learn you may be struggling to help make financial obligation repayments , the mortgage lender will probably observe that and you’re most unlikely to have home financing. You will need to invest a couple of years getting the debts right down to more levels that are easily manageable.
If you’re in a financial obligation administration plan you will be additionally planning to find it hard to get home financing.