mortgage application

Hi guys, just look for some views on the following situation. me and my finance are planning in the next year to apply for a mortgage..

the details are

my finance already has a joint property with his dad which has a balance of €220k left, originally was €330k but they pay extra each month no missed payments etc.

my finance has savings of approximately €140k. Salary is €42,000 plus overtime.

here is the bad partof the situation me.

my salary is €30,000 approximately €5k in saving and i have a bad credit rating from one loan that was being paid back with GE money missed a 4 payments but paid it all back. this will not be removed until 2016.

what are the chances does anyone think of us getting a mortgage together for approximately €300k.

thanks,

You fiance is looking at having total borrowings of over half a million on a salary of €42,000. Sounds a bit 2006 to me!

I wouldn't say the chances are great to be honest. Your bad credit rating alone is not the only problem.

Your fiance has an existing mortgage on a property - is this in NE?

If it is then this is another issue.

You could always go to a broker for better advice, as an aside you could write to GM and ask them to remove the bad credit rating, considering that you repaid all the debt?

That could be worth a try to give you a better chance.