<prompt> Human: As the title says, fiancee and myself both early 30s as first time buyers are looking to buy a home. We have a joint annual income of around 42k, savings of around 12k and debts of 600 that are being paid off at 200 a month. However our credit scores are around the 640-670 mark, with a previous defaulted mobile phone contract. Its fair to say we have been incredibly stressed out about this, we have lived together for nearly 10 years and never missed a rent payment but we have been lazy in regard to our finances and have missed utility payments here and there all currently up to date. I guess what I am asking is, what is the likelihood that we will be accepted for a mortgage, we are looking in the 100-120k range.  <response>: You should probably post on rukpersonalfinance. Your credit score doesnt really exist in the UK, the credit agencies make one up and sell it to you but all lenders will score you internally from the details of your credit history. Based on what youve said you have a default and multiple late payments showing on your history and that will not go down well, especially if they are within the last year. A mortgage broker will be able to assess your credit history and tell you if there are any lenders that might be suitable for you, so I would suggest seeing one.Other people have already mentioned this, but you definitely need more of a cushion in savings. You need at minimum a 10 deposit, another 1500 for solicitors fees and money for any mortgagebroker fees. You might need furniture and appliances, even second had these will cost something. I see a lot of people posting on MSE about how theyve moved into their new house and the boiler has broken down, or the roof leaks etc. You need to have a couple of months of costs in hand.My advice would be to see a mortgage broker and concentrate on building up your savings and getting rid of that debt. Also, if it is not at 0 I would seriously consider just paying it off, there is no point in paying more in interest than your savings are earning you. 