Following on from the debt thread…
Left the Mrs last month and left her and the kids with everything.
I’m starting again from scratch with no savings and £20k of unsecured debt on 0% CC.
I’m currently renting and not totally struggling for money but had pretty much excepted that I’ll pay the debt off over the next 5 years then save for a deposit over the following 5 years putting me in a position to buy a house in 10 years time at the age of 45.
Although this isn’t really a problem that concerns me paying rent for the next 10 years instead of a mortgage is obviously not the most ideal situation.
So does anyone have any experience of purchasing a house in a similar position? I’m not a first time buyer so the most initiatives etc won’t be feasible.
Is it worth looking into different avenues or is it just a case of excepting I’m renting for the next 10 years and getting on with it?