FTB Self employed

Milly2003

Hi!
Really need advice here, was approved a mortgage with Skipton via LIFT scheme but for £15000 less than we needed. Credit file is fine bar one satisfied default from 2013. The only loan I've got is for the car and 6 month remaining at £170 pm. Two credit cards with 0 balance, 1 with £4000 limit and the other for £3000.
I am a sole trader and have an income of £25500 from the last tax year but only had £9500 16/17 but was receiving maternity allowance and child tax credit.
My average over the 2 years is £19000
I have a broker and have passed the DIP stage, could I realistically get a mortgage with Natwest which my broker thinks I can or should I hang fire till the next tax year? I am getting £44000 from htb and a gifted deposit of 5% from my parents, thanks

Milly2003

Also the purchase price is £108,000

Milly2003

Anyone want to reassure me?........

ACG

Your broker only gets paid if you get a Mortgage presumably?
So they must have some confidence it will go through.

Milly2003

I recieved the mortgage offer through the post 2 weeks ago from Natwest, the searches have been done so just waiting on an exchange date from the sellers solicitor and for the Scottish government to release the funds, which according to the solicitor is the longest part. I've been told it's 4-6 weeks for LIFT to send the money across, is it really that long? ��
I've still not paid my deposit or solicitor fees which I would've expected before now. Any chance I'll be in before Christmas?
Cheers

Thrugelmir

Milly2003 wrote: »

I've still not paid my deposit or solicitor fees which I would've expected before now.

Solicitor will require the funds prior to exchange.

Any chance I'll be in before Christmas?

Still 8 weeks or so until Xmas. No reason why not.

Milly2003

Super, thank you. I'll keep my fingers crossed.