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Will i get it????

smiffy06
smiffy06 Posts: 3 Newbie
in Mortgages & endowments
Hi all,

First time poster/first time buyer!!
Been reading on here quite a lot and its all been great advice so heres my problem.

Single 32 years old male FTB have been looking for six months now and just put an offer in for a fixed price (75000) 2 bed flat in the highlands which has been accepted! Got an AIP from northern rock for 100%. Salary is 18500pa tho i luckily have a company car/expense account/free mobile phone. (do they take this into account??)
My current unsecured debt is £6500 paying off at £270pm so two years to go!!
I got credit files from equifax & experian and i have two defaulted accounts from 5 years ago before i started this job. They were only for £580 in total and were satisfied almost immediatly after i got first wage.
Iam just really worried that mortgage will be refused! Iam currently renting at £520pm and high bills etc. New place will be half of current council tax, cheaper heating etc.
Just waiting on survey arriving at NR now before i get decision. How long will this take?? The waiting is MURDER!!!

Thanks

Comments

  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    Relax and see how it unfolds

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • Coops10
    Coops10 Posts: 46 Forumite
    Your mortgage application is credit scored at AIP stage, if the defaults were an issue they wouldn't have agreed it in principle. They also wouldn't instruct the valuation at this point if they were going to turn you down as they normally sign the case off with the underwriters before instructing it. Relax.
    I am an Independent Financial Adviser.

    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • smiffy06
    smiffy06 Posts: 3 Newbie
    Thank you both. Trying to relax but no easy is it?? Think its time to crack open the wine and knock myself out!! Just a great weight off my mind. Fingers crossed.

    Thanks again.
  • Chimpfeet
    Chimpfeet Posts: 25 Forumite
    Did you get the mortgage? Going through same sort of thing its a nightmare!!:eek:
This discussion has been closed.
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