Mortgage referal

flipflopflop

Hi

Just plunging into this for some advice really.

Was always planning on looking at houses in the next few years but my dream home has gone on the market and left me in a pickle.

We own 1 already with 41500 outstanding and 12,500 2nd charge for an extension.

The house we are looking at is 200k and looking to borrow 160k and keep the first property.

Other halves credit is squeaky clean, however I have 2 satisfied ccjs due to drop off Jan 2015 and July 2016 and a small default that comes off this October.

We've gone through Nationwide and its been referred pending documents which I've sent today although I'm wondering if we should have perhaps gone through a broker, what are peoples thoughts?

Also would it be better if we just put ours on the market instead of trying to do both?

Thanks for reading

Keekles

Are you planning on having two residential mortgages or keeping the first on a Let to Buy basis?

If it really is your 'dream' home I'd be more inclined to do whatever it takes to get the house purchased and wouldn't be so worried about keeping the first one. Ironically I'd always recommend trying to keep a property that you have.

Personal choice ultimately but if selling the first will make the second that much easier to obtain and repay etc. then I think it speaks for itself.

flipflopflop

Thanks Keekles for responding.

After much deliberation we have decided we will be in abetter position LTV wise if we sell property that we're in.

Does anyone know of any brokers that deal with helping out with some adverse credit in the South Yorkshire region? Or could point me in the best direction.

Thanks in advance.