Mortgage Advice

mountain33r

Any help would be very much appreciated...

My wife and I are looking to remortgage our 200,000 home with a 164,000 (82%) mortgage. We're both employed full time and our combined annual income is £72500.

The thing is I'm a discharded bankrupt from October 2005(discharged 1 year later) My wife has a good credit rating. Not sure since we got married this year that changed for no other reason than a formal association

The house is currently in her name, on a self certified mortage, as at the time i wasn't touched with a barge pole. We would like (think we may need to now) declare my interest in the mortgage.

Can you recommend any mortgages or lenders out there? A little lost in the big sea of mortgages now and offer.

Thanks

:eek:

herbiesjp

Firstly - get your credit files printed off

Then have an informal chat with your current lender - see what they could offer

They may or may not be able to help based on your credit history - but at least you will know

Then you would need to see what else is on the market- either yourself or via a whole of market adviser.

However deals over 80% are not going to be that low

getmore4less

Whats the current rate on the loan.

mountain33r

We're at about 6.2% but it is interest only and we want to move to a repayment.

the other option would be to stay on our current mortgage SVR rate which is considerably lower than what we have been on, and then overpay the difference to that of a repayment mortgage.