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Selling Car To Afford A House

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Just spoke to a meedya guy who mentioned, in passing, that he was selling his car because he was moving. WHYYYYYYYYY I asked? Need the extra cash to afford a house and can't afford to rent no more. (LONDON)

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Probably going interest only, use that to get on the ladder as it will work out cheaper than renting, and then use the spare income to get rid of any credit card debt perhaps, and then put this extra money into his morgage when he can by converting it over to repayment.

Couple that with some pay rises/career progression, and he's onto a winner.

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