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Where to go for a re-mortgage????????
keith_lard
Posts: 517 Forumite
Hi,
Make this simple
Mortgage is £79,000
and need a £95,000 mortgage
It is within our means and money would be spent on the House itself!
I do have a CCJ which is still being paid, I know this will go against me,
But is anyone lending , even if you have a CCJ
CCJ was in 2004 for £5740
Its down to £2700 now, but is ongoing, payments have been ontime always!
But what to do???
Where to go???
any help?
k.
Make this simple
Mortgage is £79,000
and need a £95,000 mortgage
It is within our means and money would be spent on the House itself!
I do have a CCJ which is still being paid, I know this will go against me,
But is anyone lending , even if you have a CCJ
CCJ was in 2004 for £5740
Its down to £2700 now, but is ongoing, payments have been ontime always!
But what to do???
Where to go???
any help?
k.
If you want to see a rainbow, you have to get used to the rain.
0
Comments
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What's the house (realistically) valued at?0
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How are you going to afford the repayments on the additional £16,000 of mortgage borrowing if you've got a CCJ against your for an unpaid debt that was originally £5740, and is now only £2700? Pay off that £2700 before even considering borrowing any more money."You were only supposed to blow the bl**dy doors off!!"0
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Hi
£130,000
Same street House for sale (with a small extention £159,000)If you want to see a rainbow, you have to get used to the rain.0 -
maninthestreet wrote: »How are you going to afford the repayments on the additional £16,000 of mortgage borrowing if you've got a CCJ against your for an unpaid debt that was originally £5740, and is now only £2700? Pay off that £2700 before even considering borrowing any more money.
Parts of the house are in repair!
A re-mortgage is my only answer, I pay the CCJ a agreed payment each month and on time.
I cant wait for the windows to fall out, to repay the CCJ.
CCJ expires 2010.If you want to see a rainbow, you have to get used to the rain.0 -
Who is your current lender and have you spoken with them about a further advance for home improvements?I am an Independent Financial AdviserYou should note that this site doesn't check my status as an IFA, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code Of Conduct. Any post are for information and discussion purposes and do not constitute advice.0
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AccordMortgages
They said no, do not do Credit repair, told them I am paying back the CCJ with ontime payments......
A Flat NO!
k.If you want to see a rainbow, you have to get used to the rain.0 -
keith_lard wrote: »AccordMortgages
They said no, do not do Credit repair, told them I am paying back the CCJ with ontime payments......
A Flat NO!
k.
I'm not surprised."You were only supposed to blow the bl**dy doors off!!"0 -
What's the household income?
Any other credit committments?
What you paying the CCJ at per month?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, 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.0 -
CCJ payment is £40.00 per month.
Net household income is £1780.00 per month
Wife has 2 active CC cards
Payments are £250 per month paying off.If you want to see a rainbow, you have to get used to the rain.0 -
Even if there was a lender that would ignore the large CCJ, then your household income doesn't really support the larger mortgage.
Take a copy of your credit file to an independent, whole of market mortgage broker for them to have a look for you, see if anything can be done, but my gut instinct says that get the CCJ paid off, overpay it if you can, get rid of it!I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, 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.0
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