Will i be able to get a mortgage?

f1slikki

Hi there I was hoping some of you guys may be able to help me or at least give me a point in the right direction.

I am looking at reserving a new build flat which will be ready around December.
the builders are offering 75/25 shared equity which I would be looking to do, I have checked the property value in the area as I am aware a lot of new builds are overly priced however these flats are lower than the general area however the quality is 2nd to none.

my queries are: first who does mortgages on this type of senario?
secondly: both myself & OH have fair credit scorings under experian, I have 2 settled defaults both under £100, both settled 2 years ago, no other payment issues for either of us.

Our take home pay is £2,500 per month
current credit commitments per month are: car finance £600, insurance £50, electricity/gas £70, gym £35, credit card £30,
I also have a loan which I pay £240 pmth & £42 hp but I will be paying these off prior to moving into the property.

do you think I stand any chance with a mortgage & if so do I reserve the flat then pay off the bills above this then increasing our credit scoring then apply for the mortgage or is this abit back to front?
I just feel that if I reserve I wont lose the flat I want but in the time it takes to complete the build I can have all my commitments in place & this could put me in a better position for the mortgage..

any help is much appreciated..
thanks in advance