Hello There,
Need some help / advice !
I am currently applying for a mortgage with Halifax and I would like to know what would be my chances to get through. I am working with a broker who got me a DIP. After reading a few stories in the forum I understand that it is not worth much.
A few information about my situation:
I am applying for 80% LTV mortgage on a new build - purchase price - 312,500.
I have been working for the same company for the last 5 years and I have a basic salary of 40K + variable bonus, total gross salary for 2012 was 115,000 and 2013 was 96,000.
I checked my Experian file and my score is fair.
What worries me is that I have a default account dated from February 2009 that I paid off in June 2011 - the default is from British Gas - £90. Something I was not aware of at the time, a debt that came up when I moved house (never received any letter).
The broker is telling me that everything is fine and sounds quite positive but something tells me I may be declined. I am now collecting the information the broker needs (bank statement, payslips, P60)...
What do you think my chances are?
Thank you very much for your help!
Need some help / advice !
I am currently applying for a mortgage with Halifax and I would like to know what would be my chances to get through. I am working with a broker who got me a DIP. After reading a few stories in the forum I understand that it is not worth much.
A few information about my situation:
I am applying for 80% LTV mortgage on a new build - purchase price - 312,500.
I have been working for the same company for the last 5 years and I have a basic salary of 40K + variable bonus, total gross salary for 2012 was 115,000 and 2013 was 96,000.
I checked my Experian file and my score is fair.
What worries me is that I have a default account dated from February 2009 that I paid off in June 2011 - the default is from British Gas - £90. Something I was not aware of at the time, a debt that came up when I moved house (never received any letter).
The broker is telling me that everything is fine and sounds quite positive but something tells me I may be declined. I am now collecting the information the broker needs (bank statement, payslips, P60)...
What do you think my chances are?
Thank you very much for your help!