Need to move/Got a DMP/Will pay everything off on completion

jackelliot

Hello, lets see how this goes!! We are looking at moving into a new build with the help to buy scheme. I'm aware that I need to sell my home STC before applying for the scheme. My house is ready to go to market but I'm not prepared to put it on until I find a mortgage to cover the rest of what I need to buy the new build. Yesterday, I received the galling news that Aldermore wouldn't approve a DIP (awaiting reasons why). My current situation is as follows......

House value £170k (£131k interest only mortgage outstanding - no missed payments)
£18k on a DMP (mine - would be paid off in full from equity. 1 debt went to default in 2012 and has since been "sold" - no missed payments to DMP)
£5k debt (wives!!!! - would be paid off in full from equity)
£10k "gift" from parents to "assist a move ONLY".

That should leave £26k as deposit.

House looking to purchase £286k
Help to buy (20%) £57k
Deposit £20k (£6k kept for "moving costs")
Mortgage required £209k

Income myself £34k pa
Income wife £13k pa
Other income £1800

Anybody got any help, or advice about where to go next??? Aldermore came to my attention through Seico mortgages. L&C have been "trying to find the right person to contact me" (that was there actual answer to me!!!!) for 4 weeks now!!!

Any help would be greatfully appreciated!!

Caz3121

duplicate post https://forums.moneysavingexpert.com/discussion/5632841

jackelliot

Thanks! I've looked through the "rules" and I couldn't find the part where it says this can't be done. I was hoping to attract SOME help as the "duplicate post" didn't. Sorry if it caused offence!

Thrugelmir

Not a question of causing offence. Duplicate threads cause confusion. Tis the holidays so the board quietens down somewhat. You can always bump your own thread up the list. By posting updates to maintain visibility.