Mortgage Advice - Been silly in the past!

Murray87

Hello,
This is my first post but I have been keeping an eye on the forums for a while and couldn't quite see another scenario which matched my own.

My partner and I are looking to purchase a new build home shortly after Christmas, as the plots we like will be released. We will need to use the Help to Buy scheme with a deposit of 5% and Equity Loan of 20%, requiring a mortgage of 75%

My partner completed a DMP last year and was left with 2 incorrectly registered defaults which have been sorted out now. He contacted FSO and after much back and forth has had these removed from his credit file. He currently has 2 credit cards paid off in full each month, an unused Jacamo account, a Three mobile contract and two SIM only plans for iPads. That's everything for him.

My situation is a lot more complicated:

Been very silly with credit in the past, particularly during my years at University.
To be fair I’ve had a lot of these accounts drop off my credit files as some were Statue Barred, some I’ve paid off in full and some I’ve part settled. I’m now left with the following:
• 4 credit cards, all taken on to help rebuild my credit rating – 2 rarely used, 2 alternately used and paid off in full most months. No missed payments.
• A Next Directory account, again opened to help rebuild credit and never missed a payment.
• Jacamo and Fashion World accounts. Both used in the past but now with 0 balances. No missed payments.
• A Three mobile contract. Never missed payments.
• A CCJ reported until September, but will not show up when we apply for a mortgage.
• 2 British Gas accounts which defaulted in 2012 from my student house. I stupidly had all the bills in my name even though I lived with 4 other people. Settled in Feb this year as I’ve been making payments ever since, total default amount was around £1500.
• I had some payday loans between 2010 and 2012. Most of these were paid off at the time, one became Statue Barred, 2 were paid off in part and show as Satisfied and one more which is still in default but no collection agencies seem to have details of for me to offer payment. This one was the most recent and was registered 4 and a half years ago, so will be at least 5 years old at the time of applying for a mortgage.

What are people’s thoughts on this? The house we want will be around £295,000. With a 5% deposit and 20% H2B we would be looking for a mortgage of around £221,250 which should only be slightly higher than our current rent payments each month. Partner’s income is £51,000, mine is £29,200 but will be around £30,000 when we apply.

Are we missing something? Do people think we could apply together or him just apply on his own? Depending on the bank his affordability could scrape through? All help greatly appreciated!