htb shared ownership new build...last min find earlier than planned😕

missyp123

Some may know from previous posts that we have been through bankruptcy and are waiting for it to fall off our files in July.
We were planning on applying for a MTG after this time anywhere around the start of 2017 ...however I have just seen new build that is underway with the htb scheme. We were approved for this last yr so know we are eligible.

The reason I'm wondering if we could try early for a MTG is its right next door to my kids school and just where we want to be buying!!! Honestly it could not be more perfect.

So...if we were to be lucky enough to secure a holding deposit on this house at what point do you think we would be required to apply for a mtg?
I'm wondering if we could just manage to wait till end if July when the BR falls off? The website says to be done september.

If not what would our chances be if we are looking to lend allot less for the 25% and a 10% -15% deposit?

Sorry if there are any spelling mistakes, its way past my bed time but I just can't sleep now!

csgohan4

You really need a broker for this one, one that deals in adverse credit.

missyp123

Yes i know its probably going to be an impossible task we are searching for a broker now.

Iv looked before but as were not planning to buy yet i did not really take notes or save any that i found. No friends or family have had to have a broker to recommend which is a shame.

It will be possible that we could get a higher deposit as my dad has offered to gift some money, so maybe take it up to 20% - 25% if needs be. But as said in the past i would not want to do this if we did not need to.

I would in an ideal world prefer to wait until nothing i on our files, but this development is very small... so there are only 4 shared ownership 3 beds that will be available.

I was going to ask the developer when they plan to complete on the remaining 3 beds (if there any) as if its much later on in the year we could look to use the HTB loan and buy 100%.

What would you lovely people do?!

missyp123

any brokers/advisors online that could comment/offer advice?