Remortgaging with bad credit

fluffie68

Don't know if anyone can point me in the right direction but I am anxious to get my life back in order and my financial house in order too.
I live with my partner and he has a mortgage on a £300,000 house for £167,000. We bought the house together (with some of the equity I had previously) but because of my bad credit I didn't apply for a mortgage with him.
The bad credit stems from being financially irresponsible with loans and credit cards, drinking too much and not dealing with things as I should (a bit like shoving bills in a drawer). I got a couple of default notices but no CCJs and have had for the past five years a debt management plan with the Consumer Credit Counselling Service which I have always paid religiously.
I was advised to go bankrupt but didn't and have managed to bring the debts down. I am now at a point where I have received letters from creditors stating they will slash the debt by 35 per cent and offered me settlement figures. It adds up to about eight thousand.
What we would like to do is remortgage for £200,000 - this time with my name on the mortgage - so my debts can be settled and we can finally finish our house.
I went in to a High Street bank where I have - and we - have bank accounts and they refused yesterday, because of me probably because my partner has a great credit history.
Not sure what to do so any advice would be greatly appreciated.
Thanks
Flossie

luckyfool

Is the house actually worth £300,000? If so, and assuming you both earn enough provable income to support a loan of that size I don't see why this should not be doable.

I would avoid going direct with lenders as unfortunately all you are likely to get is additional credit searches against your name. Without wanting to sound self serving, with your circumstances you really need to speak to a broker.