Hi Everyone.
I'm looking for some advice as to the best path to take for my partner and I to obtain a mortgage.
My partner has a good credit rating, he had a ccj when he was very young, but this was 10 years ago. Mine is not quite so good, I got in trouble when I lost my job in 2008 and have 3 defaults registered at middle/end of 2008. The defaults have all been settled and I have no missed payments etc in the last 3 years.
We have a deposit of around 12k currently, and will be looking at a property of around 200k value. Originally we had planned to save for another year / year and a half, however my parents have said that they want to help us as they have recently inherited money when my grandmother passed away and they don't want us to have to wait years for our inheritance when it could help us now.
I'm not sure which is the best option between gifted deposit or one of the mortgages with a linked savings account. My parents are open to ideas and I said I would see what I could find out. I did look at the Barclays springboard mortgage but suspect that I wouldn't be accepted with defaults registered in the last 6 years.
I'm looking for some advice as to the best path to take for my partner and I to obtain a mortgage.
My partner has a good credit rating, he had a ccj when he was very young, but this was 10 years ago. Mine is not quite so good, I got in trouble when I lost my job in 2008 and have 3 defaults registered at middle/end of 2008. The defaults have all been settled and I have no missed payments etc in the last 3 years.
We have a deposit of around 12k currently, and will be looking at a property of around 200k value. Originally we had planned to save for another year / year and a half, however my parents have said that they want to help us as they have recently inherited money when my grandmother passed away and they don't want us to have to wait years for our inheritance when it could help us now.
I'm not sure which is the best option between gifted deposit or one of the mortgages with a linked savings account. My parents are open to ideas and I said I would see what I could find out. I did look at the Barclays springboard mortgage but suspect that I wouldn't be accepted with defaults registered in the last 6 years.