Mortgage acceptance likeliness?

MNM2903

Myself and my partner are trying to sell "her" house.

Once we sell the equity in it will be used for the majority of the deposit on a new house we are after.

She earns 24k per year and I earn 25k per year, I have recently got a temp promotion which sees me on 30k per year.

We have outgoings of £400 nursery fees, £150 car loan and an interest free credit card for 36 month with £1100 on it that we pay £60 per month. We do have the money to clear this if needed.

We got a DIP from Halifax for the amount we need to get the new property. In really worried that my credit file will fail on the full application. The advisor has already told us that it will need to go to the underwriters as I disclosed that I have two issues with my file.

1. Default with Halifax from 2014 which is settled, this was for £2400
2. CCJ from February 2014 for £800 which is also settled.

The circumstances leading to this were down to redundancy and I used the money from redundancy to clear off as much debt as I could whilst also covering my rent for 6 months.

Does anyone have any experience of this and know the likelihood of the mortgage being accepted, the advisor said she doesn't forsee any problems but she can't guarantee with certainty it will pass. Just worried we might sell the house and go for the application and it's fails, in not sure how reliable a DIP is as I've seen mixed reviews on here.

Thanks

ACG

Not enough info on your job, but everything else sounds like it could be ok - ie, it is within criteria.

MNM2903

ACG wrote: »

Not enough info on your job, but everything else sounds like it could be ok - ie, it is within criteria.

I work for HMRC and recently got a temporary promotion which is for 6 months. Their is potential for it to go permanent but their is no certainty around this. The salary for those 6 months will be £30,300. The role doesn't start until next week so I don't have a payslip showing the increase and won't have the 3 months worth of payslips for at least another 3 month. Not sure it would be wise to use this on an application anyway, even though we can afford the mortgage on our current wages, the extra income would help I assume?

ACG

I would go with your current job as they are unlikely to accept the payrise with it only being temporary and not yet started.