Aldermore DIP

Bikerdad78

Hi
New to this forum and having read a few posts about aldermore I want to try get some more reassurance.
We have chosen to go with aldermore 95% mortgage directly based on high credit card debt due to medical emergency whilst working abroad a few years ago and both having changed jobs recently, combined we earn over 95k, with good disposable income, we have focussed on saving for the deposit rather than clear cc debts. Aldermore came back with a DIP end of December 17 and the agent says the underwriter is comfortable with the debt to income ratio, we are now waiting for the actual offer. We have sent off all required documents, valuation booked in, they have also instructed solicitor from their panel for us, but I am worried when they will change their minds and not offer us in the end. Does anyone have experience with their underwriting teams, I don't want to lose a load of money at the last minute and risk losing out on the house we are buying from our landlord.

YHM

How did you end up at aldermore? Through a broker? Appreciate the CC debt, but there must be something else?

Bikerdad78

I went with them because having only recently moved jobs and the high debt and only having 5% deposit I thought they would be more lenient, to be fair their rates are a bit high but not far off what I pay on rental
but for two years I can suck it up just to get onto the ladder

Bikerdad78

Based on our incomes I envisage us over paying a fair bit to get the LTV down before we remortgage.

YHM

So you applied to them directly. Ok, well they provide underwriter oversight at DiP which is good, as generally as long as things match up from start to finish, they would look to accept it.

Bikerdad78

Thank you for the reply, someone else messaged me privately to say Natwest probably offer a better deal but after our landlord told us two weeks before Christmas she is putting the house up for sale we jumped at the chance to buy off her, she accepted a offer 10k less than she wanted and this a private sale, the method in my madness as trying to find a rental property nearby is very difficult and we don't want to uproot the kids from school because the catchment area means we have to move schools and both working full time we couldn't do the school runs through the traffic as well as forking out thousands in removal costs, letting agents fees and rent for 6 months it probably cheaper to just pay a higher interest on your own home rather than £1000 a month for a rental property in a different area