Struggling to get approval
Redditors - bit of an odd one this, about three years ago my wife at the time and I decided to separate. I was the main earner by some distance but after agreeing to divorce things became a little tricky. We had the odd financial hiccup here and there, nothing serious (no CCJ, though I had one default about 10 years ago) mainly due to my work industry being volatile, and her struggling to do more than part time. Towards the end, with the house up for sale, it was a real struggle so back in 2024 I had to apply (with an offer on my house) for deferred payments; this was wholly agreed with the lender, I have the documentation, although has been marked as “missed payments”. Fast forward to now, looking to buy with my partner, with combined income of over £250k, we cannot get a mortgage at 90% LTV for the house we want. The rules seem absurd, we’ve been paying £3.5k rent every month for nearly 2 years but flexible lenders stop with 90% at £750k, other lenders are hung up on payment arrangements even though those debts are completely settled.
I get this post isn’t going to change UK regs but it is just so frustrating that we get hit with “computer says no” at almost every turn. 100% LTV i could maybe understand but we have £100k equity, have set aside the £40k for stamp duty and solicitors so why is it so absurdly hard? Has anyone got any experience, or advice, as we stand to lose our dream home if there’s no solution. Thanks for reading, and appreciate any help.