Ok I am desperate

kt144

Hi, I am new to this forum but really need some help. I have a pretty awful credit history that i am working hard to repair and pay off. (Got myself into a stupid amount of debt at uni and have spent the past 6 year doing a balancing act to get myself together but there has been the odd defaults, no CCJ's or anything tho.).
I am in a good situation now and do have some disposable income.
However, last week my roof started to leak very badly and i need £4500 to get it fixed. It really can't be left as i have water coming through the ceiling and it is destroying the plaster and floorboards.
I can't get a loan from anywhere due to my previous credit history and i really don't know what to do. I have tried my family but they just don't have the money to lend me.
Any ideas? I can easily afford to pay £200 per month?
I have asked my exisiting lender and they have said no.. My bank have said no..
All help appreciated. I actually don't mind loans with a high APR as well it will cost me a lot more long term if i don't get it fixed.
FYI: Insurance will not pay as they say it is wear and tear.
Thanks in advance
KT

CLAPTON

4500 sounds more like a new roof than a cheap repair... surely it would be better to just do a short term repair until you have time to clear the debts

asandwhen

Blackhorse, welcome finance, citi

All above are sub prime lenders but beware the APR will be very high - have you tried your bank? maybe credit card?

kt144

You would of thought wouldn't you. However i have spent £650 on cheap repairs and it is still leaking. It is all to do with velux windows in a very strange attic conversion - which means you can't see under the tiles. Basically - they can't find the leak but many of the tiles haven't been put on correctly and they think there is a hole in the felt somewhere. But they are going to have to start taking tiles off to find it - it is a worst case scenario of £4500 but i need to have access to all that as i can't be in a situation where i can't pay them. In all honesty - my survey should of picked this up but that was over 2 years ago so i can't do much about it now.

Re. debts i only have £3000 unsecured now and my mortgage which is about 75% ltv at the mo. Really don't want to try and do anything with my mortgage as i am on a good tracker and they change the terms if i increase it.

Binky69

If the repair you have is as a result of faulty workmanship try the original builder. If you paid £650 for repairs to fix a roof leak and its still leaking then go back to them. This is classed as a latent defect and as such should be covered by the builders insurance. If you had a full survey at the time of purchase go back to your surveyor who should have picked up the roof tiles at the time of survey. Even if it was two years ago, defects missed by a surveyor take time to manifest themselves. If you just had a valuation survey then this will not include any repairs - it is only for the lender.

KonkyWonky

Binky69 wrote: »

If the repair you have is as a result of faulty workmanship try the original builder. If you paid £650 for repairs to fix a roof leak and its still leaking then go back to them. This is classed as a latent defect and as such should be covered by the builders insurance. If you had a full survey at the time of purchase go back to your surveyor who should have picked up the roof tiles at the time of survey. Even if it was two years ago, defects missed by a surveyor take time to manifest themselves. If you just had a valuation survey then this will not include any repairs - it is only for the lender.

I think you will be pretty hard pushed to prove the fault existed 2 years ago. Going back to the builders who did the previous work is your first port of call though, at the end of the day you paid them £650 I assume based on a quote to fix the problem, the problem isn't fixed so get them back to finish the job.

welf_man

If it's only recently started to leak, could it have been damaged by something? In which case, surely your buildings insurance would cover it?

Mel.

~Brock~

asandwhen wrote: »

Blackhorse, welcome finance, citi

All above are sub prime lenders but beware the APR will be very high - have you tried your bank? maybe credit card?

Welcome Finance are not currently lending and may well not be in business at all in the near future.

Citi no longer offer loans either.

Choices are very limited nowadays for any unsecured loans where your credit history is anything less than perfect.

Emmzi

I'd ask my mortgage lender first for a secured loan. It's in their interests to have a saleable property should they need to repossess...

I_know_my_ABC_and_my_CMYK

kt144 wrote: »

Hi, I am new to this forum but really need some help. I have a pretty awful credit history that i am working hard to repair and pay off. (Got myself into a stupid amount of debt at uni and have spent the past 6 year doing a balancing act to get myself together but there has been the odd defaults, no CCJ's or anything tho.).
I am in a good situation now and do have some disposable income.
However, last week my roof started to leak very badly and i need £4500 to get it fixed. It really can't be left as i have water coming through the ceiling and it is destroying the plaster and floorboards.
I can't get a loan from anywhere due to my previous credit history and i really don't know what to do. I have tried my family but they just don't have the money to lend me.
Any ideas? I can easily afford to pay £200 per month?
I have asked my exisiting lender and they have said no.. My bank have said no..
All help appreciated. I actually don't mind loans with a high APR as well it will cost me a lot more long term if i don't get it fixed.
FYI: Insurance will not pay as they say it is wear and tear.
Thanks in advance
KT

You have my sympathies. My roof has been leaking for 3 years, we have 3 buckets collecting the water when it rains. I cannot get credit until I have paid off all my debts.

border_collie

Your roof should not be relying on the felt to keep it watertight. The slates/tiles should be laid in such a way that they do that.

Has a competent roofer looked at the roof or just a jobbing builder?