House buying / repo advice needed

rockingit_2

This spans across several different boards really....

If anyone can offer any words of wisdom on this then I'd be REALLY grateful!!

I had my property repossessed a little over a year as the result of a very long and protracted divorce battle, despite making the CMI's . How we reached that point is irrelevant now, but it happened. It has still yet to be sold by the C&G due to a leasehold repairing issue and is dangerously close to becoming negative equity.

OK, so my credit rating is screwed for a few years, I'm over it.

My lovely new fiance of two years and I have found our dream place that we want to buy together.... she has a good credit history, equity available in her property, so she is fine on her own. We're both self employed and both have good incomes and in essence can afford the payments on the place we're looking at with a little bit of jiggling around.

My understanding is that the minute a 'formal' link is made between the two of us then she'll become associated with my new credit score - which means I'm reluctant to do a 'test ask' with a mortgage company because at that moment the credit agencies will link us together.

There is also a part B to this, which is that the place we're looking at has an additional building with it which we'd like to change and use for a business venture we have in mind, but it would take a little time and investment before a return (which we'd need to make up the mortgage payments). The rest of the house needs a small amount of work doing to it before starting to potentially near double in value very quickly, so the equity is also there for security to any lenders.

We're so near yet so far......... help!!

rockingit_2

unashamed bump!