Re-Mortgage - Bad credit history

grayclose31

Can anyone help me find a decent offer from a Mortgage company.

We have been advised that we may not get one from the high street but are investigating our opptions.

We did have arrears on our Mortgage but have paid them off and not been in arrears for over 12 months.

My mortgage advisor has only come up with one offer from a company called PLATFORM and that is at a rate of 7.9%!!!!!!!!

I expect to pay a little over the odds and ony require 70% of the property value now.

Please can some of you on here offer and starting points.

We are affraid of leaving footprints all over our improving credit record.

Thanks for your time and help

_Andy_

You've already seen a mortgage broker - is there a reason you don't believe they've found you a suitable product?

grayclose31

Yes it has taken him over 4 months to come up with this offer and he said that if i don't take it before it expires the rate will go up.

I can not understand how this can be!

grayclose31

Just wanted a Bump to see if anyone can help.

herbiesjp

You are looking for a re-mortgage right?

Who is your current lender? What rate are you on and what deals have they offered you?

grayclose31

Yes a re-mortgage. Current lender is the Woolwich/Barclays. I have an outstanding bank charge claim against Baclays for 8k.

I have not asked them yet as i was relying on my advisor.

Currently on standard rate.

herbiesjp

Don't move away from a high street lender and their rates!!!!!!!!!!!

Do not go to Platform and 7.9%


Give Woolwich a call straight away and ask them what deal they will offer you.

feisty1

Quote........."that is at a rate of 7.9%!!!!!!!!"

I am not surprised by these rates considering yr recent defaults ( yes over 1 yr ago is recent) If yr not happy with yr adviser, change them.....as nobody on the high street will offer you a mortgage .....just see herbiesjp post and agree with them........dont move

grayclose31

I am afraid that i will have to because of my history. I just wanted to know if there was other options.

herbiesjp

grayclose31 wrote: »

I am afraid that i will have to because of my history. I just wanted to know if there was other options.

Why do you have to?

Have they said they are not going to offer you a simple product switch?

grayclose31

feisty1 wrote: »

Quote........."that is at a rate of 7.9%!!!!!!!!"

I am not surprised by these rates considering yr recent defaults ( yes over 1 yr ago is recent) If yr not happy with yr adviser, change them.....as nobody on the high street will offer you a mortgage .....just see herbiesjp post and agree with them........dont move

Thanks for your HELP. I am not looking for an ADVISOR i am looking for someone who has been in the same position or at least able to point me in the right direction.

I am quite sure i am not the only person on here in my position.

And you should spell it ''YOUR''.