Shared Equity Mortgage

Roberto1010

My Partner and I have just reserved a property on the shared equity scheme. We are getting 15% shared equity from the company and we are paying a 5% deposit. Our reservation fee was 500. We have made a agreement that the missives will not be signed until we have a mortgage in principle, which will not be until later in the year.

I have one missed credit payment from the end of last year when i was switching jobs, will this effect my application?

Is there Mortgage options for people with slightly adverse credit?

By the time we go for the mortgage we will have 15k in our savings account, we only need 9k for our deposit, then of course the added extra that come with getting a mortgage.