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    • Turleeeey
    • By Turleeeey 4th Oct 17, 3:27 PM
    • 1Posts
    • 1Thanks
    Re-mortgaging With Partner but I now have bad credit
    • #1
    • 4th Oct 17, 3:27 PM
    Re-mortgaging With Partner but I now have bad credit 4th Oct 17 at 3:27 PM
    Hi There,

    I probably know the answer to this but I’ll ask advice anyway.... me and my partner took out a mortgage together 4 years ago and we are due to remortgage this month. When we started our mortgage together I had no over draft, no loans - life was peachy. Since then I have got messed up with gambling and have a 5.5k over draft and loans with various lenders to the value of around 10k. My partner has no debt to speak of only a credit card which is around the -1.5k figure. I will soon be approaching a broker to help us find the best mortgage on the market but would like to know what difficulties we shall come up against and what is the likely outcome? All advice is very much welcome.

Page 1
    • zx81
    • By zx81 4th Oct 17, 3:28 PM
    • 13,685 Posts
    • 14,156 Thanks
    • #2
    • 4th Oct 17, 3:28 PM
    • #2
    • 4th Oct 17, 3:28 PM
    You need to define what you man by bad credit.

    Missed payment? Defaults? CCJs? CIFAS Fraud markers?

    Or just carrying some debt?
    • Thrugelmir
    • By Thrugelmir 4th Oct 17, 4:34 PM
    • 55,569 Posts
    • 48,941 Thanks
    • #3
    • 4th Oct 17, 4:34 PM
    • #3
    • 4th Oct 17, 4:34 PM
    Why have you decided to remortgage?
    "Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
    • wacky75
    • By wacky75 4th Oct 17, 4:47 PM
    • 15 Posts
    • 14 Thanks
    • #4
    • 4th Oct 17, 4:47 PM
    • #4
    • 4th Oct 17, 4:47 PM
    Is it financially viable to have the mortgage in one name ? If so this could be a solution
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