Achievable Rates for me?

Jason_Bourne_2

Trying to see if it's now a good time to go see a broker or if the rates will be far too high. Is my file too much of a mess or will there be enough time between default dates and now to go and get something?


My file is a mess from a historic blip when my self employed business failed. I have 8 defaults from this period and 1 AR marker.


Most recent default date is approaching 3 years and the last one was settled/part settled almost 12 months ago.


Since my defaults I've never missed a payment, and my 8 year mortgage history is perfect. I have 2 mobile accounts 5 years + with no late markers. A credit card (6 months old) all green.


My wife has a perfect file, all green marks, 2 credit cards paid in full.


I am a 10% director of profitable business.
Earn £33,000 + £10,000 dividend lump sum each November
Will all of this be counted as earnings?


My wife has been self employed since April so I don't expect her earnings to be counted unless we apply in a year or so.


I will have min £42,000 in equity and £10,000 - £13,000 in savings. Looking to buy a house round about the £200k mark, if I can borrow £145-£150k.
LTV around 75%


Credit file blips
Amount £4,333
Date 10/8/10
Part settled Jan 2014


Amount £3,048
Date 4/8/11
Part settled Jan 2014


Amount £1,054
Date 9/9/11
Part settled Jan 2014


Amount £1,357
Date 31/1/11
Part settled Dec 2013


Amount £746
Date 12/8/11
Fully settled Oct 2013


Amount £4,231
Date 28/2/11
Fully settled Nov 2013


Amount £963
Date 1/2/11
Fully settled Nov 2013


Amount £119
Date 8/8/10
Fully settled Oct 2010


Barclaycard
AR markers from Jan 2011 - Dec 2013
Fully Settled




Sorry for the long post, just trying to get as much in there for advice.

Senior_Paper_Monitor

Should be do-able, probably only via broker and expect a rate of around 3.5% fixed (+/- 0.2%) if it goes where I would expect.

Jason_Bourne_2

Thanks for the reply.

I forgot to mention one important factor. I'm in Scotland, I know this narrows down the lender options.

Looks like I'm ready to get in touch with a broker then and get the ball rolling.

Senior_Paper_Monitor

Kn***rs that idea then - next lender on the list also broker only and may be a little more expensive (Provided you are not in some remote island location).