Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Mrs Hoppy
    • By Mrs Hoppy 6th Feb 18, 1:57 PM
    • 1Posts
    • 0Thanks
    Mrs Hoppy
    Mortgage still in single name!
    • #1
    • 6th Feb 18, 1:57 PM
    Mortgage still in single name! 6th Feb 18 at 1:57 PM
    Hi,
    I took out a 2 yr fixed rate mortgage on a house in my name nearly 8 years ago. When it finished, I let it slide onto a tracker mortgage as interest rates were tumbling.
    In those 8 years, I have met a man, got married, had 3 kids, been made redundant from my job and gone self employed!
    My husband doesn't have a great credit score. He's not got any court summons etc..but he has, in the past, missed credit card payments and racked up an unapproved overdraft.
    I want to remortgage for possibly two reasons:
    a) just to get a better rate
    b) possibly release some equity (my mortgage it about 40% of the value of the house) to do renovations.
    my quandries are..what will happen if they do a credit check on me, see I'm linked to the hubby (we have a joint bank ac) and his poorer credit score and then say they don't want to lend to us..will they stop our current mortgage too?!
    We are both self employed, with lower incomes, what are our chances of actually finding a mortgage?!
    We've never missed a mortgage payment.
    Thank you!
Page 1
    • YHM
    • By YHM 6th Feb 18, 2:25 PM
    • 496 Posts
    • 182 Thanks
    YHM
    • #2
    • 6th Feb 18, 2:25 PM
    • #2
    • 6th Feb 18, 2:25 PM
    They won't stop your current mortgage, but the fact your hubby has got some credit blips could tar you through association.

    First thing to do is find a local mortgage broker that can support you and then air it all out with them in terms of the credit issues he has had. This will be the main stumbling block. Run credit reports and get them ready for your broker as they will need these!
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

976Posts Today

7,392Users online

Martin's Twitter
  • RT @brendyeire: @MartinSLewis A good bit more. Would have eaten more ten years ago, but was a student then. Now working FT and can afford m?

  • RT @twikki: @MartinSLewis Quit meat in January and saved about £50-100 a month on my shopping and eating out. Feel a lot healthier about my?

  • Today's twitter poll: How much meat & poultry do you eat now compared to ten years ago?

  • Follow Martin