Hi,

Me and my partner are looking to buy our first property. However, like many people our age we have zero savings a signifiant debt. Ideally we would have liked to roll the debt into the mortgage having a one off debt over 25 years. But I know that is not possible, especially in the current market.

Our situation is this:

Total Gross earnings (annual) - £80k

Total debt outstanding - £45k

Monthly net income - £3900

Monthly debt costs - £1600.

Is there anyway of getting on the housing ladder at the moment? I know traditional lenders will not offer 100% mortgages, but what about some of these first time buyer new build deals where they will pay your deposit. Could we then get a secured loan to consolidate are debts? Or is it a case of keep paying of debts over next 4-5 years and then look to buy?