I really do hope that AN do give you a formal offer, but I do fear that once they check on the register that the Council Of Mortgage Lenders Members subscribe to, and your 1994 repossession comes up, they will decline you.(posted 8035 days ago)Look at it this way, AN have let you off £14500 - your cards will have been well and truly marked that this was so - and you have gone back to the same lender for a new mortgage!!!!!!!
If AN decline you, you are going to have to look at non-status mortgages such as offered by GMAC/RFC and pay a few points above normal interest lending rates. So its not the end of the world and if you do get declined by AN and want some further info to contact GMAC, email me privately and I will give you the info.
Good luck!