Mortgage credit checks - have I done enough?

arby

remember not to get so defensive when you are questioned. Any bank about to potentially throw over £100,000 at someone will be asking much tougher questions than anyone here will.

You have £3k credit card debt and £3k saved for a deposit. Personally, I'd pay off that debt then actually start from scratch saving for a deposit. Not having outstanding debt will help with the mortgage application anyway.

Try not to get too emotionally involved in the whole process; I know this is hard when family is involved, but saying things like "there's a house on the market that probably won't be available for long" shows you're panicking already and that normally leads to a rash decision. Every week there'll be a house on the market that won't be around for long. A lifetime is a long time to regret rushing into something blind. Also, look at the difference in rates available with a 90% deposit and decide if waiting an extra year so may be worth it in the long run. You're making a long-term commitment here so don't be worried if things don't fall into place immediately.

Thrugelmir

On a 95% mortgage, debt will be an issue. As a lender will view the deposit as being borrowed. So suggest you clear your credit card debt from your savings. Then build from there. Once clear of debt your credit score will build far more quickly.

Newbury BS will underwrite applications on an individual basis. So open a savings account with them. This will give you brownie points when the time is right to apply for a mortgage.