Mortgage advice needed :)

ldngirl

Hello everyone, please don't be too stern with me as I am new.

Ok my situation is a little bit complicated but I will try to be as concise as possible.

I am currently selling my first property which should all be done and dusted by November. The sale will give me approximately £20,000 after I have paid back my Mum her bit as she was on the mortgage with me.

This will be my new deposit.

I am now looking to buy a new place with my fiance- we have currently both moved in with our parents to save some money (this is quite depressing as we are both in our early 30's!)

Anyway we were hoping to start looking at mortgages around January 2014. At the moment I have about £2,000 left to pay off of 2 credit cards. Plus I have just started a new job. (I would like to add I have been in continual employment prior to my new job for the last 3 years)

Here is the new complication- we have found a new development in our desired location...apartments cost £185,000 and they are offering the 'help to buy' scheme.

We have an appointment with the sales office this weekend.

My main concerns are that earlier this year I made a couple of late payments on my credit cards. I hope to completely clear both cards by December. My other concern is having only just started my new job.

The only reason for the sudden rush for a mortgage is because there are only 10 apartments left on the development.

Further information: My fiance has a squeaky clean credit history. The development will not be finished until next June and at the moment our combined income only comes to £43000.

I am guessing most people would advise us to forget the development and wait for me to clear my cards but the development looks perfect.

Any advice please...sorry for the long post
xx

amnblog

The missed payments can cause an issue. But do not necessarily = 'no'

Why not look at the properties and decide from there.

As I say to my clients, your choice of property will dictate how big a problem you give me to deal with.

pjread

income to cost doesn't look horrendous. A late payment or two might complicate but shouldn't be a flat no. I assume you'll be engaging a broker though?

ldngirl

Thank you both! I suppose we might know a bit more about the whole process at the weekend when we go and speak to the development sales staff. We will definitely be using a broker over a mainstream bank as I doubt our chances with them completely!
I have spoke to Mortgages First who was advised to call us prior to our appointment by the actual development.
I suppose I should be on the look out for a decent broker!

Thanks again