I am looking for some mortgage advice. I am a first time buyer, 24 who earns £18k p/y, my partner is 25 and earns £13k he has an excellent credit rating of 966 but I have a credit score of 511! This is due to a few searches that were carried out for a loan back in October and I also have a default which I fully satisfied in Sept 07 of £1250, I also have a default from 03 for £1600 but I presume this is too old too take into consideration? I have managed my credit well since I have an overdraft, small credit card which I clear the balance on each month and a loan which I have voluntarily increased the monthly repayment and a mobile phone which comes out each month through direct debit.
We have had an offer accepted on a house which is valued at £85k and we have a 10% deposit. Can anyone tell me if we will be automatically declined due to my score or will they look at evidence surrounding affordability before making a decision?