Missed payments on credit report over 4 years ago - problem at 95% LTV?

devildolly5

Hi everyone

I posted this a while ago, but was hoping someone can give me some advice.

I have a question regarding the likelihood of getting a 95% LTV mortgage. OH and myself have been saving for a while and are hoping to buy this year.

We have around £8000 saved in a nationwide save to buy account, and plan to sell company shares after dividend payments. We wanted to put down a 5% deposit and have the rest of the cash for fees, surveys, moving costs. We are in Greater London where average houses are £250K so need £12,500 for 5% deposit. Nationwide calculator says we can borrow up to £350K?!. We will have around £25K by August.

Details about us
Earn £80K between us, both on electoral role, lived at same address for 10 years, in my job for 8 years, OH over 20.

OH has excellent credit report, no missed payments on several loans etc.

I on the other hand have 4 (stupid) missed payments on a student type loan from the Open University that was settled and paid in full over 5 years ago but still shows up on credit report. I also have 4 missed payments on my santander current account, 2 of those will drop up by the summer (over 5 years old) and 2 from just over 4 years ago. Other than this no issues anywhere else on my report.

Ideally we want to apply this year, but worried about missed payments. Has anyone tried for a 95% LTV with missed payments and been successful.

I am aware lenders would like a squeeky clean credit report, especially with high LTV but how far back do they look and will those missed payments on my current account be an issue.

Any advice much appreciated

Cheers