Mortgage with Default

sam550

We are looking to upsize from a 3-bedroom to a 4-bedroom home. My husband earns £75k and has a £12k personal loan and £6k PCP finance, along with one satisfied default of £8k from two years ago it is satisfied, otherwise excellent credit history. I earn £37k with no adverse credit history but have £30k in debt, which will be cleared using proceeds from our current house sale. We have £90k in equity, with £50k allocated for the deposit and the remainder to clear debts. We are considering a property priced at £475k. Is this achievable with his default?

Thanks 

ACG

You will be fine. You probably do need a broker as it wont be for every lender. 
Rate wise im not sure, there is some potential for normal rates, but you might need a building society/adverse lender so rates might be a little higher than normal.