We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards