Hello,
I'll try and keep this short. We are trying to sell our house to move somewhere bigger.
I was in a DMP which I left having settled all my debts in Jan of this year. As a result I had a number of defaults which are registered for 2007 (2 debts) and 2008 (3 debts). All now satisfied.
I have had a mortgage for 5 years which has never been in arrears. All my other accounts (phone, bank) are satisfactory. We have £45k equity in house which will leave us £40k after estate agent fees, solicitors and stamp duty on new property (this is on assumption the lowest amount we would accept for our house, big if but if we got asking price it would be closer to 55k deposit).
I earn £30k and my husband £18k. Properties we are looking at are about £150- 170k so we'd be looking to borrow about £110-130k.
Do any of the brokers here think this is possible with a reasonable interest rate? Or would we be better off renting for a year (assuming our house sells in the mean time) and applying next year when my credit file will be completely clean?
Husband's credit file is ok - some late payments on a CC about 4 years ago (that card paid off and closed 12 months ago). No defaults and no outstanding debt at all.
Thanks for any advice
I'll try and keep this short. We are trying to sell our house to move somewhere bigger.
I was in a DMP which I left having settled all my debts in Jan of this year. As a result I had a number of defaults which are registered for 2007 (2 debts) and 2008 (3 debts). All now satisfied.
I have had a mortgage for 5 years which has never been in arrears. All my other accounts (phone, bank) are satisfactory. We have £45k equity in house which will leave us £40k after estate agent fees, solicitors and stamp duty on new property (this is on assumption the lowest amount we would accept for our house, big if but if we got asking price it would be closer to 55k deposit).
I earn £30k and my husband £18k. Properties we are looking at are about £150- 170k so we'd be looking to borrow about £110-130k.
Do any of the brokers here think this is possible with a reasonable interest rate? Or would we be better off renting for a year (assuming our house sells in the mean time) and applying next year when my credit file will be completely clean?
Husband's credit file is ok - some late payments on a CC about 4 years ago (that card paid off and closed 12 months ago). No defaults and no outstanding debt at all.
Thanks for any advice