Mortgage Advice please... angela2011

#1
Hi there,



I've a couple of questions that I'd appreciate some advice with.



First of all a quick background...



I'm thinking of buying my house under the right to buy in Scotland. I'm entitled to a £15000 discount on a house worth £60000. therefore £45000 outstanding. I expect to be able to have a £5000 deposit available which would then take it down to £40000.



I earn roughly £57000 a year therefore I expect to have no issues paying the mortgage off over 10 - 15 years. However I'd hope to have a mortgage where i can pay this off as soon as possible.



I don't have a great credit score, roughly 650 on experian. This is due to a CCJ from 4 1/2 years ago.



The questions are as follows.



As i have a bad credit score which path should i take to procure a mortgage. Broker or not?



Even though in the mortgage will be for 66% of the value of the property will my credit score affect the deal i can get?



Any advice would be greatly appreciated as I need to decide soon due to the Right to buy finishing in Scotland on August 1st this year. I need to get things moving asap.



TIA



A

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