Hi All,
Just looking to get people's opinions on my situation and potential for moving on after financial issues 3 years ago. To summarise I had a mortgage on my own that fell into arrears when I got made redundant. House was in negative equity and I finally agreed a deal with bank to voluntary sell same with the balance waived if I paid lump sum (gifted from family). House sold 3 years ago now and debt settled.
Since then got married and back into good job, saved really hard over 3 years and between savings and sale of wife's apartment will have 220k towards new home. Would like to buy new home closer to family and would need loan of 280k. Affordability is fine and savings record strong but the elephant in the room is my past issues. Would anyone with experience have any views would there be any point in applying for loan and what banks would be more open to a difficult situation like this.
Thanks
Just looking to get people's opinions on my situation and potential for moving on after financial issues 3 years ago. To summarise I had a mortgage on my own that fell into arrears when I got made redundant. House was in negative equity and I finally agreed a deal with bank to voluntary sell same with the balance waived if I paid lump sum (gifted from family). House sold 3 years ago now and debt settled.
Since then got married and back into good job, saved really hard over 3 years and between savings and sale of wife's apartment will have 220k towards new home. Would like to buy new home closer to family and would need loan of 280k. Affordability is fine and savings record strong but the elephant in the room is my past issues. Would anyone with experience have any views would there be any point in applying for loan and what banks would be more open to a difficult situation like this.
Thanks