I'm looking to buy a new house in the coming months. My salary is Â£33.5k and I get approx Â£4K - Â£5k bonus annually. I currently have no debts but a hefty Â£340 per month lease car payment which I can't get out of (I've tried but would have to pay Â£6k in penalties to hand it back and then I would need to buy another car). I have Â£20k deposit and looking at houses around Â£160k-Â£170)
My issue is that I've recently had massive credit card debt of around Â£35k. This has all been paid off last month and all of these accounts were run ok (no missed payments or overlimit).
According to the Nationwide online calculator I should be ok for what I'm looking for but will these past debts cause me a problem? Should I be talking to a broker first?
Thanks in advance.
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