Advice appreciated re Halifax mortgage application

Mummymidland

Hi I am new to this forum after being pointed here by a friend. I am hoping for some advice from anyone with experiences of mortgages as I haven't bought a house in a long time.


My husband and I have reserved a new home which we are really excited about using the HTB scheme. The purchase price is £259,950, we have an 8% deposit, my salary is £43k and husbands has been averaged at £25k as he is self employed. The broker advised Halifax as our best option as my husband hasn't been trading for three years, they gave us an AIP but I have read that these might not be totally reliable.


My previous marriage broke down as my husband had ran up a lot of debt some in joint names which I wasn't aware of. I settled everything that had my name on it, and filed notices of disassociation upon our divorce five years ago. I have one settled default left which only shows on CallCredit for £630 - this comes off in June 2016 and no defaults on anything else. I have two late payments, one on my credit card for two years ago when it was literally a couple of days late because I was in hospital and the CC company wouldn't amend it and one from four years ago when I requested a settlement figure on a loan, but they cancelled my DD and waited for me to settle it instead which happened 10 days after the DD would have come out. I do have some PDL records from 2012, all were paid on time and in full because I was told these would help to show I had a good payment record but I am now being told that lenders don't like them


The former marital home was signed over to me and I've just agreed a sale on it which will give me the deposit for our new house and a few £k left over which I intend to use to pay the balance of my CC and buy furnishings etc. The mortgage there is 9 years old and never missed or had a late payment


I've spent time repairing my credit, I've had a Barclaycard for about a year which I use monthly and pay off, and 7 months back I got a 0% card from MBNA who instantly gave me a £5k limit - I have about £700 on this one.


Hubby has a CC with a £5k limit and a balance of approx half that, plus his car on finance. 1 late payment on his CC three years ago.


Our AIP came back as accepted but is this reliable, when combined with the info above to give us an idea as to whether we will get the mortgage we would like? I am taking maternity leave in April next year, which the broker is aware of but as I get full pay while I am off he didn't think that was an issue.


Weve paid a reservation fee but just reluctant to pay anything else as yet to solicitors until our full application goes in next week.


Any advice would be very much appreciated.
thank you

amnblog

There is a chance the application will fall over where you go to full application as this can happen between dip and fa with Halifax.

You won't know until that happens, if there is a problem you will know quickly and there are other lending options which your broker should be aware of if required.