Mortgage advice please! Total newbie!

MrsC2020

My husband and I were gifted £10,000 from a relative lately and have decided to try for a mortgage. He is 49 and i am 36. We are both first time buyers.
I have a fair credit rating just teetering on good (i have a couple of outstanding credit cards) but my husband has a poor one.
Got an appointment with a broker next week. I earn a good wage and was wondering if i could apply for a mortgage myself without his name on the application? I stay in Scotland.
Any advice appreciated!

MovingForwards

What's your income?
What's your credit liabilities?
How much you looking to spend on a property?
Do you have money for legal fees / L&BT (stamp duty)?
You say you stay in Scotland, I'm assuming you are buying up here?
Don't forget it's offers over up here, so a bargain price in the city, won't be as it will go to closed bids.

MrsC2020

27k for salary. Got about £5k liabilities. Was looking at properties of £80k to 100k. May even look at shared equity. Yes buying up in Scotland.

LidLicker

Ask the broker to do a application in both names, and then on your own.
I am on my 2nd mortgage but my girlfriend hasnt worked since August due to ill health and this time around we were better off applying for the mortgage just in my name.

MrsC2020

So it is possible to get a mortgage solely in my name rather than both names?

MrsC2020

Which lender are u with?

LidLicker

MrsC2020 wrote: »

Which lender are u with?

Nat West
It is possible of course, however each Mortgage provider looks at it differently. So I am obviously not going to say in your circumstance its doable, all depends on salary, dept, finance / loans outstanding and the mortgage price, also size of deposit.

I earn a decent wage and I went for a mortgage a few years back and I was refused, and I had no loans / debt. Was mainly because the deposit amount wasnt 10% or more of the valve of the property!