Getting a mortgage with debt

[EB89]

Hi all,
I'm just after a bit of advice, I'm currently mid-way through a bit of a personal finance turn around and I'm quite happy with how that's going; Making good progress each month (Paying off £1.5 - 2k) and never struggle to make repayments...

However, I am still renting (Albeit in a cheap house-share) and keen to buy a house as soon as possible.

Now currently I know I wouldn't get a mortgage with £22k loan & credit card debt, £55k salary but no savings
What I'm keen to know is at what levels of debt should it be possible to still get a mortgage?
I'd be looking to lend up to about £150k
And of course fully anticipate I'd need at least around £12k cash for deposit, fees, furniture etc

So would it, for example be possible to have £10k outstanding debt but also £12/15k cash for deposit and fees etc and get accepted for a £150k mortgage?

Appreciate all of this will also come down to individual circumstance, credit file etc - but just looking for a general guide.

[lukefreeman]

It's possible assuming the affordables per month aren't too high (if you're locked in to paying £1k a month for the loan it's not as good as £200 a month on loan!)

[Rick101]

I'd imagine it is possible but if you can pay off 2k a month without struggling, I'd make some sacrifices and have it gone in 6 months.

You could easily be 6 months deciding what sort of place you want, doing viewings, making offers and then g another 2 months for solicitors to pull their finger out.

Start you search, hammer the debt as much as you can. By the time you get round to getting quotes you will prob be under 5 figures. By the time you make the application, maybe even deb free.

[TheAngryDog]

you'll probably need closer to £18k for deposit and fees. You'll likely need a 10% deposit if you're looking at a purchase price of £150k. If borrowing £150k then you'll be looking at more, obviously.