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Will be get a mortgage deal ???
sandrad44
Posts: 30 Forumite
Hi Everyone.
We have vastly improved our credit file . Two small defaults for barclays ( bank charges ) to fall off July this year . 2 small [EMAIL="ccj@s"]ccj's[/EMAIL] under £200 both satisfied 2007.
On a debt arrangement scheme ( DAS ) in scotland. Have been on for two years and two years left to run.
Mortgage 121000
House value 185000 approx
What will our chances be of a remortgage ??? We are Interest only just now ( libor rate ) Which is very low but I would like to secure a deal before rates go up again.
We have vastly improved our credit file . Two small defaults for barclays ( bank charges ) to fall off July this year . 2 small [EMAIL="ccj@s"]ccj's[/EMAIL] under £200 both satisfied 2007.
On a debt arrangement scheme ( DAS ) in scotland. Have been on for two years and two years left to run.
Mortgage 121000
House value 185000 approx
What will our chances be of a remortgage ??? We are Interest only just now ( libor rate ) Which is very low but I would like to secure a deal before rates go up again.
0
Comments
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No advise, but I hope you have been overpaying while LIBOR is low!Spring into Spring 2015 - 0.7/12lb0
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Yes. I have put the money in a saving account as Mortgage company will only accept one lump sum of £1000 per year.
Any one else able to advise what to do ??0 -
you're doing the right thing, the situation re IVA/ DAS etc is not good at the moment so you could have a pretty long wait before you can remortgage I'm afraid.Happily an ex mortgage broker!0
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Thanks for your advice. Instead of saving do you think we would be better paying money into the DAS to clear this off earlier...... ??
I am just worried that the libor will rocket again as we are on interest only.0
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