We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Nervously waiting

Options
Hi all

I am nervously waiting for a decision on a mortgage application. I'm keen to get your thoughts if we're likely to be accepted.

An application went in a couple of weeks ago with Skipton. Were hoping to buy a house for £190k we have a 10% deposit saved. My partner has a default from 2013 that has been satisfied recently. We've used an independent mortgage advisor who got us a agreement in principle from Skipton. They've recently requested up to date pay slips and bank statements.

I earn 42k (20k commission) and my partner earns 19k.

Any thoughts appreciated

Thanks

Comments

  • saver772
    saver772 Posts: 18 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    I forgot to say I have a clean credit history and we are FTBs
  • I wouldn't be too concerned. Assuming you don't have any debts affordability should be ok. As the default is over 3 year's old and is now satisfied this shouldn't cause an issue. The fact you've passed credit scoring already is encouraging as I would have thought this would have been your biggest hurdle at 90% LTV.
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.