Can't get a high enough mortgage due to car finance

[Christopher Smith]

Hey guys my name is chris , I was wondering if you had any ideas on what I could do I tried to get a mortgage through my bank and they'd only lend 34k because of my car finance , I could afford a mortgage aswell and really don't know what to do and have no one really to talk to as I live with my grandparents .

I was thinking of buying a flat and just paying it off then sell it once paid for but being 26 now it's going to be a while till that would be paid off , do you have any advice what to do as I seem to be stuck . Thanks guys and love the Bp YouTube channel!

tia

[Alexander Felice]

so the asset that loses value and costs you money is preventing you from buying an asset that makes money and increases in value....

ok here's some tough love. You have no business having a car payment, there is no possible way you can reconcile the financial burden. You are already receiving a subsidization for living expenses, that car is an anchor holding you back from financial improvement.

sell it, finance the negative equity with a personal loan or credit car and buy a cheap beater like you're supposed to have. Then buy a house and make some money. I usually advise to spend 3-5% of net worth (or less) on a vehicle.

you're only stuck because you got yourself there, and you can get yourself unstuck easily.