Mortgage questions

leighavfc

Hi all

I was advised by James @ National Debtline to speak to you good folk on this bit of the forum regarding a few questions on mortgages.

Firstly a little background, i have been on a DMP with SC for almost 3 years now. Most of my accounts defaulted between Dec 13 and April 14 when i started DMP.

Recently i recieved a payment from a PPI complaint i had made. I am currently using this to pay off approx 50% of my remaining debts in one go, and then pay the remaining balance in total within the next 6 months. Once these debts have been paid off in full, i am looking to buy a house asap for me and my young family. Now obviously this wont happen for the next 2/3 years at least whilst i get a deposit together and wait for defaults to drop off my file. But the questions i have are as follows:

1. When on average would i be considered for a mortgage after paying my DMP off in full?

2. Some of my accounts were never defaulted, if i settled these accounts now would i have to wait for them to drop off my file before having any chance of getting a mortgage?

3.Any suggestions on how i can get my credit file etc in tip top shape for a mortgage application would be much appreciated!

Thanks in advance:beer:

glosoli

Would it be a single or joint application?

What is your income?

What are the approximate purchase prices you would go for?

leighavfc

glosoli wrote: »

Would it be a single or joint application?

What is your income?

What are the approximate purchase prices you would go for?

Joint application

Approx income between us is 37000 a year, Me £25000 missus around £13000 working part time

We would be looking at something between 150 and 200 k im guessing