Will I be able to buy a £60,000 flat?

I’ve already made a post on this around a week ago, and I am very grateful for the advice that was given. However there are a few things I do want to clarify which I hope will help firm up a few things.

I want to buy a flat. I have seen several in my area which range from £55,000 to £70,000. This is all I wish to mortgage at this stage.

I checked my credit score on Experian. It’s classed as “good”. I have no defaults or court judgements and I have never filed for bankruptcy before.

My wife and I have a combined income before tax and deductions around £74,000 per year. It’s unlikely that she will go on the mortgage though as her credit score is poor. My salary is currently around £50,000 and hers is around £24,000

In terms of outgoings, there are a few issues. We financed two cars around 18 months ago and together, the payments are around £750 per month. I know. Probably a silly idea, but I do treat my car as a weekend hobby. As for other debts, I have two credit cards which are around £300 per month and also a personal loan which is £200. The outgoings are not great, but we are still left with around £1200 disposable together as a couple every month which goes into a savings account.

What percent of a deposit would likely be required. Am I looking at 10%? Do any lenders offer 5% anymore? Once we have put enough away for a deposit I will speak to a mortgage advisor but just wanted to see what the general advice is just now. Am I in a good or tricky position for this? I’d love the cars and debts to be cleared but ultimately it’s going to take time. Will I still be offered a mortgage? The balances on the cards is an issue. One of them is £7500. The other one is £2000

Any advice would be appreciated.

Cheers