namechanged .
Me and dh are council tenants and are looking to buy our council property on the right to buy scheme, valued at £116000, with my discount, we would get for £86000 or thereabouts,
But we have massive debts totalling £30000
through many different reasons.
We both work full time approx income is £43000.
My husband has read that with a right to buy you don't require a deposit and you can maybe lend more than the 86000 I would get it for (LTV??)
Would we be able to do this and pay off debt ?
Would we even be considered for a mortgage with the debt we are in ?
Tia