Hi MSE,
Although I've been registered a while I am relatively new to the forum so please go easy :)
Me and the missus have just returned to the UK after spending five years living in Australia. Prior to leaving for Australia I defaulted on a couple of debts that have since been settled and I am now happy to report I am debt free. Not boasting, just glad to have the considerable weight of debt off my shoulders.
Anyway, we did reasonably well in Australia and have come home with a bit of money in the bank. Right now we are renting, and will continue to rent until August of next year. After this time we wish to purchase a home here in the UK. We would be looking at a property for around the 160k mark. We have over 40% as a deposit based on this.
I should also add that I am currently not working, and the missus is about to finish working as she is pregnant. My plan is to take some time of with the missus to help her with our newborn and use the time in between to improve my skills (I work in IT and am working towards a considerable certificate). My plan is to try and pick up some work the end of February/beginning of March.
Assuming I am able to pick something up the beginning of March, I'd imagine my income would be around 40k per year based on what I do and what is out there at present. I understand that this would have to support not only the mortgage but my wife and child.
My question is, assuming I get a job in March and apply for a mortgage let's say July/August, are there any banks/building societies out there that would consider us?
I don't have any credit or store cards, and all things being well, won't have them in the future because of what happened in the past. The defaults were all settled in 2010 and all are showing as settled, although not in full as they were negotiated settlements, on my credit file with Equifax.
Apologies for the life story, I'm just looking for a bit of advice as to what we can expect next year, and if realistically we are looking at renting a little longer! :)
Cheers
Although I've been registered a while I am relatively new to the forum so please go easy :)
Me and the missus have just returned to the UK after spending five years living in Australia. Prior to leaving for Australia I defaulted on a couple of debts that have since been settled and I am now happy to report I am debt free. Not boasting, just glad to have the considerable weight of debt off my shoulders.
Anyway, we did reasonably well in Australia and have come home with a bit of money in the bank. Right now we are renting, and will continue to rent until August of next year. After this time we wish to purchase a home here in the UK. We would be looking at a property for around the 160k mark. We have over 40% as a deposit based on this.
I should also add that I am currently not working, and the missus is about to finish working as she is pregnant. My plan is to take some time of with the missus to help her with our newborn and use the time in between to improve my skills (I work in IT and am working towards a considerable certificate). My plan is to try and pick up some work the end of February/beginning of March.
Assuming I am able to pick something up the beginning of March, I'd imagine my income would be around 40k per year based on what I do and what is out there at present. I understand that this would have to support not only the mortgage but my wife and child.
My question is, assuming I get a job in March and apply for a mortgage let's say July/August, are there any banks/building societies out there that would consider us?
I don't have any credit or store cards, and all things being well, won't have them in the future because of what happened in the past. The defaults were all settled in 2010 and all are showing as settled, although not in full as they were negotiated settlements, on my credit file with Equifax.
Apologies for the life story, I'm just looking for a bit of advice as to what we can expect next year, and if realistically we are looking at renting a little longer! :)
Cheers