Hi all
New to the whole mortgage thing and haven't posted on here for a while. Myself and partner have been saving for a deposit for a wee while and have just found a fantastic house at £140,000. We have a 5% deposit in place and are hoping to go with Clydesdale for their 90-95% deal. How probable do you think it is that we'll be accepted?
Deposit £7,500
Property value £140k
Salary combined £51k per annum (both of us get a pay rise this year but TBC - however I am aware this wont be accounted for now).
I have 2 credit cards, all paid more than the min payment every month (approx £900 balance on each). I have an overdraft of £650 which I have reduced from over £1k over the last few months. I do go into this every month.
Partner has 1 credit card which is approx £900 and paid off on time every month (min payment). He has an overdraft of £350 which is dipped into every so often, but never over overdraft.
Just want a bit of information regards how probable it is we will be accepted :)
Be gentle! MMK
New to the whole mortgage thing and haven't posted on here for a while. Myself and partner have been saving for a deposit for a wee while and have just found a fantastic house at £140,000. We have a 5% deposit in place and are hoping to go with Clydesdale for their 90-95% deal. How probable do you think it is that we'll be accepted?
Deposit £7,500
Property value £140k
Salary combined £51k per annum (both of us get a pay rise this year but TBC - however I am aware this wont be accounted for now).
I have 2 credit cards, all paid more than the min payment every month (approx £900 balance on each). I have an overdraft of £650 which I have reduced from over £1k over the last few months. I do go into this every month.
Partner has 1 credit card which is approx £900 and paid off on time every month (min payment). He has an overdraft of £350 which is dipped into every so often, but never over overdraft.
Just want a bit of information regards how probable it is we will be accepted :)
Be gentle! MMK