My marriage has just broken down due to stbxhs actions and as a result of these I couldn't stay in the home/ area we lived in. I've had to move in with my parents and am working towards divorce and the sale of the house (owned by stbxh but I should have a majority stake due to having sole care of our child now- again due to his actions). I have to stay in this area because family support is enabling me to stay in full time work as a single parent.
I'm staying with family at the moment and my plan is to try and buy a house using the money I get from the divorce as a deposit but I've been watching the market and I'm struggling to see anything that would be affordable and suitable for me and a toddler in the area we have support unless I can increase the deposit amount. I'm guessing I'll have roughly 35k deposit from the sale of the house but in my area houses are about 160k for something reasonable that I would still need to do a bit of work to (which I could do over time). My problem is that a DIP is suggesting I'd need a 60k deposit to be able to get a mortgage of this size. I'm not a high earner 38kpa and I just don't know how I'd increase this as I've worked hard to get a well paid and specialised role in my sector. I have a cc debt of £2k which I'm paying off and should have paid fully in the next 5 months.
My main priority is security for my son. I don't want to rent because I don't want his inheritance to be paid into someone else's pocket and I don't want to potentially have to move again, I want him to have stability growing up. Plus I'd pay more on rent than I would on a mortgage. I just feel like such a failure and this is so far from the life I wanted for my son and myself.
Can anyone offer any advice/ recommendations?