Can I get a mortgage with a DRO

mdpdmp

Hi, this is my first post and any help or advice would be appreciated... I'll try to keep this as brief as possible but I would like to give the full story so apologies in advance for the length of this post.
In 2010 my mum took ill with breast cancer which led to a mastectomy so myself and my wife took it upon ourselves to move close to her to help her out, and also to help with the care of my father who has heart problems as well as arthritis of the spine. Prior to this move we both worked and my credit was really good. Unfortunately due to the company I worked for struggling they needed to make redundancies and as I had in all honesty been taking time off they decided to let me go. I did get some redundancy money and used this initially to live on. I tried to find a local job but was unsuccessful, I never claimed any benefits and foolishly started to live of credit cards etc... I soon got myself into a right mess, withdrawing cash on one card to pay into my bank to pay a card payment, payday loans and catalogues were also used.
Things came to a head towards the end of 2012 and I ended up going to the citizens advice who suggested taking out a DRO. The DRO was put in place in Dec 2012 and was discharged in 2013. Since the DRO was put in place we have not applied for any credit and all our bills are completely up to date. We have never owed money for any household bills, council tax or rent arrears, only what was mentioned above.
My parents have recently made us an offer, they want to sell their house to us. It is worth around 140k but they are willing to let us have it for whatever price we can get a mortgage for, if we need a 40% deposit then we can have it for 84k with the understanding that when our credit improves we can remortgage and give them another 20k as they want to help us out as they feel a bit responsible for what happened.
I have been self employed as a foster parent for the local authority since May 2014, my earnings last year were around 8k (a tax return was done) and also because I work as a foster parent the rules on earnings are different so I was entitled to working/child tax credits of roughly 6k a year. My wife works, she has been in the same job for 8 years and earnt a little under 10k last year. She also received child benifit of £80 a month as well as maintenance payments from her ex partner for her son of £50 a week although this is a mutual agreement so I dont know if they count?
My wife now works every Sunday which is worth an extra £1000 a year, my earning this year will also increase, I expect at least an extra £2000 is forecasted
My wife has no bad credit, her problem is lack of credit. Until recently we have always used my bank for her wages and any credit was always in my name.
We have lived in our present property for 5 years, paying £600 a month rent which is up to date and never ever been late.
We have approx £2500 in savings although I could possibly raise another £1000 by dipping into xmas/birthday funds
My question is does anyone have any advice regarding a company to approach, or has anyone in a similar situation had any luck getting a mortgage?
Any advice would be greatly appreciated.

ACG

At that LTV the DRO can be overcome.

The problem you will have is the income and the agreement to pay more in a few years.

I would suggest you find a good experienced broker as this will definitely not be easy. High street rates could be possible but sitting down with a broker will confirm this.

mdpdmp

Thanks for your message, the agreement to pay more in a few years is just a verbal agreement so I dont need to declare that to the mortgage company.
I have tried looking online for a mortgage broker that deals with adverse mortgages but there are so many its knowing who to trust. I dont really want a load of credit searches going on file and also there is also the worry of getting ripped off!
I did contact a local mortgage broker who came out to see us, he went away and the next day said I dont meet the criteria for any of his lenders.

ACG

Only pay broker fees on full offer (not a decision in principle) or completion.
That should help prevent you from getting ripped off?

mdpdmp

Thank you for the info

mdpdmp

Just to update, I contacted a company called onlinemortgageadvisor and am waiting for them to call me back... Has anyone got any experience of this company?
Thanks