Hi all
Me and my husband had an appt with a Nationwide mortgage advisor 2 weeks ago (our current lender). We were told that we could not submit a formal application because we had to wait for the overpayment monies on our mortgage to be transferred back to us.
I will try to explain our situation briefly.
Current mortgage - £162k
Sold our current house for £248k
Overpayment £33k (to be used as part of the deposit)
Gift from parent £10k
New house price £288k
We only want to borrow the same amount as our mortgage is now and do have some savings as well. Now on paper, we cannot afford this mortgage (our circumstances have changed since we took the current mortgage out). However, we have been paying this mortgage with no problems or defaults etc.
My husband has a great credit history but I do not :( I checked my credit file last week through equifax and although all my accounts are up to date now, 2 mail order accounts have lots of late payments showing (completely stupid of me I know). One of these accounts is still showing as "in arrears" even though I cleared the balance in May. I'm presuming it hasn't updated yet :(
I'm concerned that we will be turned down when we do actually apply and also at the length of time it has taken so far (and being no further forward). My question is, could we consult a broker whilst this is going on and could someone recommend one who may be able to help?
TIA :)
Me and my husband had an appt with a Nationwide mortgage advisor 2 weeks ago (our current lender). We were told that we could not submit a formal application because we had to wait for the overpayment monies on our mortgage to be transferred back to us.
I will try to explain our situation briefly.
Current mortgage - £162k
Sold our current house for £248k
Overpayment £33k (to be used as part of the deposit)
Gift from parent £10k
New house price £288k
We only want to borrow the same amount as our mortgage is now and do have some savings as well. Now on paper, we cannot afford this mortgage (our circumstances have changed since we took the current mortgage out). However, we have been paying this mortgage with no problems or defaults etc.
My husband has a great credit history but I do not :( I checked my credit file last week through equifax and although all my accounts are up to date now, 2 mail order accounts have lots of late payments showing (completely stupid of me I know). One of these accounts is still showing as "in arrears" even though I cleared the balance in May. I'm presuming it hasn't updated yet :(
I'm concerned that we will be turned down when we do actually apply and also at the length of time it has taken so far (and being no further forward). My question is, could we consult a broker whilst this is going on and could someone recommend one who may be able to help?
TIA :)