Looking to put to get AIP

Loft_Boy

Hi


Have posted a couple of time previously but now find ourselves in the current situation and wondered what any of the brokers thought our chances were


We have seen a house and are going to do a 2nd viewing later this week


House is on at a guide price of £245k


I am employed full time and have been in my current position for nearly 4 years


My base pay is £44k, plus I get a benefits allowance of £7,100 which can be taken as cash and is, my P60's for the last 3 years show this


I have credit card debs of approx. £6k spread across 3 cards one late payment about 4.5 years ago. I also have some history of pay day loans all paid on time, last one about 4.5 years ago


Partner has just gone on Maternity leave with our 2nd child. She earns £29k (does a 4 day week). She will return to work, we are lucky that grandparents help out and have no childcare costs


We will have approximately £55k to play with this is made up of sale of partners flat and savings/ gifted deposit, we would be able to pay the credit cards if it was a condition of sale


Ideally we would like to do 10% deposit to leave some in the bank / to do some bits to the house, but could go to 15% if needed.


Do people think we have fair chance?


Will shortly be looking to engage with a broker but what to see what the consensus was


Many thanks
LB

Loft_Boy

Anyone any advice?

kingstreet

To give you an answer, we would have to carry out affordability calculations and look at lender criteria, effectively "placing" the case, as we would for a paying client.

Sorry, but there just isn't time enough in the day to do that.

Appoint a broker of your own and have them do it for you.