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Chances of being accepted for a mortgage?
Lucky7s
Posts: 9 Forumite
Hi,
I am after some help regarding a mortgage, Our situation is not a straight forward one, which is why I hoping your combined knowledge maybe able to give us some guidance.
We voluntary surrendered our property back in March 2016, there was a very small shortfall after the sale in August 2016 which was paid in full in September 2016.
We are currently renting off my father & are wanting to purchase the house potentially next September(ish) 2019. house is valued at £140k and he would let us buy it for £110k. We have £13k in savings. We have approx 5k outstanding on a credit card, which will be cleared by April 19.
We are not massive earners - my husband is on 19k and i work part time earning approx 10.5k. We also receive 3k in tax credit & 1800 child benefit (I’m not sure if they’re taken into consideration?!)
What are chances of being accepted for a mortgage??
Any advise is massively appreciated. TIA
I am after some help regarding a mortgage, Our situation is not a straight forward one, which is why I hoping your combined knowledge maybe able to give us some guidance.
We voluntary surrendered our property back in March 2016, there was a very small shortfall after the sale in August 2016 which was paid in full in September 2016.
We are currently renting off my father & are wanting to purchase the house potentially next September(ish) 2019. house is valued at £140k and he would let us buy it for £110k. We have £13k in savings. We have approx 5k outstanding on a credit card, which will be cleared by April 19.
We are not massive earners - my husband is on 19k and i work part time earning approx 10.5k. We also receive 3k in tax credit & 1800 child benefit (I’m not sure if they’re taken into consideration?!)
What are chances of being accepted for a mortgage??
Any advise is massively appreciated. TIA
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