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Been turned down by Natwest

2»

Comments

  • Kavanne wrote: »
    Stay put then? Put the extra income into paying off your debt and sorting out your extension?

    There's not much you can do immediately if you've been turned down (other than try other lenders), especially with that amount of debt. I think you need to bide your time and get that debt as low as possible before you come back to applying for a mortgage.

    The extension is all done. Part of the extra debt is because we had to pay out to sort out the mess from the first set of builders.

    But, we are considering staying where we are.
    Husband's LBM: 26 September 2012
    [STRIKE]Started Stepchange Jan 2013 - DFD 2024[/STRIKE]
    Now on self-managed DMP
    Debt to creditors: [STRIKE]£48216[/STRIKE]
    Original debt was £67,000
    On DMP - now £30k and slowly been paying off creditors with F+F settlements
  • To Trollfever:

    Sorry, and you were going to say???
    Husband's LBM: 26 September 2012
    [STRIKE]Started Stepchange Jan 2013 - DFD 2024[/STRIKE]
    Now on self-managed DMP
    Debt to creditors: [STRIKE]£48216[/STRIKE]
    Original debt was £67,000
    On DMP - now £30k and slowly been paying off creditors with F+F settlements
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