Hi brokers,is this achievable?

883508

Looking to move house with a value up to £175,000-£190,000.
Current equity of £35,000 for deposit.
Joint income of £45,000
Wife has nationwide CC,£1200 limit £0 balance,£150 per month car payment,next account £5000 credit limit £0 balance.
Her credit file(mobile phone contract,car payment,mortgage) is almost spotless,just 1 late payment from over 2 years ago on next account.

I have M&S CC,£4000 limit with a £1000 balance(used for a balance transfer from wife's card).mobile phone contract,mortgage and small overdraft facility on joint current account which is never used.Have never missed a payment on these accounts.
However...

I signed a Scottish trust deed in Sep 2011 and was discharged Jan 2015.
Apart from the trust deed itself which is due to drop off 2017,the only accounts still visible from it that has not dropped off is a default for
£217, and 1 account which for some reason had only late payment markers applied to it till discharge date for around £2000(both shown as settled/satisfied).

So can any of yous guys give me an indication if this is workable or is it pie in the sky for a while yet.
Thanks!

883508

Quick bump for any helpful mortgage friendly folk...

883508

Last bump,if not cheers anyway.

csgohan4

Why not speak to a broker locally and see what they can do for you?


Otherwise use the mortgage calculators to see if you can afford that kind of mortgage with all that debt

883508

Thanks,we are going to see a broker in the summer but was just trying to gauge an opinion from an expert on here as well.
Apart from a little bit of adverse history on my part,our only debt is £1000 which in all probability will be paid off soon leaving no debt to speak off.
Regarding the calculator it looks doable as we don't have a problem with affordability.

csgohan4

883508 wrote: »

Thanks,we are going to see a broker in the summer but was just trying to gauge an opinion from an expert on here as well.
Apart from a little bit of adverse history on my part,our only debt is £1000 which in all probability will be paid off soon leaving no debt to speak off.
Regarding the calculator it looks doable as we don't have a problem with affordability.

Looking at your post history, I think you have more than 'A bit'

883508

Hence my first post...

Dave_Ham

This will be incredibly tricky, potentially impossible for here and now.

The variety of factors mentioned, coupled with the assumption you will be buying in Scotland (some specialist lenders will not lend there) make this tricky.

As always the devil will be in the detail, but your mortgage chances will dramatically improve next Summer onwards.

Good luck

883508

Dave_Ham wrote: »

This will be incredibly tricky, potentially impossible for here and now.

The variety of factors mentioned, coupled with the assumption you will be buying in Scotland (some specialist lenders will not lend there) make this tricky.

As always the devil will be in the detail, but your mortgage chances will dramatically improve next Summer onwards.

Good luck

Hi thanks for replying,dont have an issue waiting till next summer if thats the advice.Hopefully equity will grow along with savings which will all help.
Cheers again.