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First time buy Mortgage query
ecbo
Posts: 1 Newbie
Hi There,
I wondered if anyone could help.
My partner and I are looking to get a mortgage for a new build property with a 85% LTV.
I have two credit card defaults which were satisfied over 5 years ago and due to drop off of my credit file in Jan 2013, other than this I have no debt, loans, overdrafts etc, my partners credit is good with no missed payments, defaults etc.
Our combined annual income is £80k and the property value is £250k.
We have spoken to a mortgage advisor and he explained that this would be possible although they would need to do a credit check on me.
Has anyone experienced a similar situation before? If so, what was the outcome? I am worried that we wont be accepted for a mortgage.
I wondered if anyone could help.
My partner and I are looking to get a mortgage for a new build property with a 85% LTV.
I have two credit card defaults which were satisfied over 5 years ago and due to drop off of my credit file in Jan 2013, other than this I have no debt, loans, overdrafts etc, my partners credit is good with no missed payments, defaults etc.
Our combined annual income is £80k and the property value is £250k.
We have spoken to a mortgage advisor and he explained that this would be possible although they would need to do a credit check on me.
Has anyone experienced a similar situation before? If so, what was the outcome? I am worried that we wont be accepted for a mortgage.
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