Mortgage advice with bad credit rating

lightattheendofthetunnel

Hi. I have never posted on here before, but would appreciate some advice before my hubbie and I even consider speaking to brokers etc.

We currently have a mortgage with the Halifax that we easily transferred to a pretty good (given the current climate) tracker rate in October of this year.

For the past 18 months we have also been on a DMP. We started with approx £70k worth of debt, we have got down to approx £35k, of which we are hoping to pay off another 20kish in the next couple of months. The DMP has resulted obviously in quite a dew default notices, but no ccjs etc.

We have had a mortgage together for 8 years, NEVER defaulted on a payment. We had individual mortgages for circa 5 years each before that, again NO defaults

Our income is circa £100k per year between us. With the current debt mentioned above, and a car loan and mortgage, about 43% of our income goes on debt. That will obviously reduce if we pay another 20k off.

Deep breath!! We know we have actually been very very lucky. We got ourselves in a financial mess that we are working towards resolving, we managed to get another decent mortgage rate, and we have a good income.

However, we now have 3 children, and our local senior school is rubbish. We need (OK, would like) a bigger house in a better catchment area. We would like to borrow an additional 80k. This would give us a ltv of approx 60 to 65%. The mortgage would be perfectly affordable for us, but BIG BIG questions.....

Would Halifax consider lending us the rest? (I believe they are totally based on credit scoring so unlikely)
Is there any way of raising the extra bit with someone else (naive question, dont know how it works)
Would anyone else touch us with a barge pole.

Please before anyone shouts, we know how stupid we have been, and we know that we could have it much much worse. I'm just seeking advice because I really don't want to go through the pain of discussing all this with a broker if we don't have a hope in hells chance of getting anywhere. In that case we will leave it a few more years, get our finances further sorted etc etc.

Any advice very very much appreciated.