HELP! Advice needed on getting away from the dreaded Santander!!!

Typhoon2000

If you have enough equity you may be able to increase your mortgage and payoff those high APR loans. If you are morgage free, getiing a mortgage would be the cheapest and easiest borrowing for you.

no_more_cards_for_me

Well, no lender is going to advance you further funds when your already financially over-committed.

That's £52k a year and your still in debt to the tune of £26k. Sounds like your out of your depth and your best plan would be to sell one of the houses that you now cannot afford to do up and cut your losses.

You came on here to ask for money saving advice. Your financially over-commited, have been in and out of debt for 10 years, cannot make a big dent in the borrowing and now want somebody else to advance you more money. Not going to happen in todays world. Either get another mortgage or sell a house.

You can take my advice or leave it, I really don't care but no use shouting about it when somebody says something you don't want to hear.

no_more_cards_for_me

ILW wrote: »

I think what people are saying is that you may have trouble finding a lender that will take you on, as on the face of it you are not that good at handling your finances. This is not a judgement, just a matter of fact.

Nicely put as ever :beer:

KaloKyri

UMMMMM, at what point has somebody simply suggested, there's no chance!?!?! Woody was probably about as near to being constructive as can be when advising on what I may need to be earning to manoeuvre through lenders. I thought I had answered the question in a manner that would then possibly, just possibly gather some advice. So far, it’s been a barrage of what can only be described as bitterness!!!! I really don’t need to be told how bad I am with my finances, how is that really constructive?!?!?

And so...............

Ok, people, I'm really bad with my finances, in fact probably the worst in the UK.

Now we have established that, further to the information provided, is there anyone out there that maybe able to offer some advice?

Up until now, I've always thought this site has been great for money tips.

Somehow, that's rapidly sliding away!!!!!

no_more_cards_for_me

Options

1) Get a mortgage - how much equity do you have in the houses ?

2) Sell a house - pay off the debt entirely.


You want money tips, settle your debt then you won't have to worry about it.

:beer:

KaloKyri

I’m paying everything on time without any problems. If I’m out of my depth, then so be it. I want to shift because I feel the ‘goalposts’ of my glorious bank have been moved unfairly. I am simply looking at the possibility of moving lender.

This really isn’t a d**k measuring exercise via a war of words, but simply a request for advice. My first post here today and if you look back through it, what do you make of it? Did I offend people to begin with?!?!

It really is a joke………….

KaloKyri

If I tell you that my grand scheme was to investment in property for retirement, are you gonna judge me again?!?!?

I’m in my mid 30’s and believe the housing market would be a safer option than the pensions market.

I’m hovering around 70% ‘loan to value’

no_more_cards_for_me

KaloKyri wrote: »

I’m paying everything on time without any problems. If I’m out of my depth, then so be it. I want to shift because I feel the ‘goalposts’ of my glorious bank have been moved unfairly. I am simply looking at the possibility of moving lender.

This really isn’t a d**k measuring exercise via a war of words, but simply a request for advice. My first post here today and if you look back through it, what do you make of it? Did I offend people to begin with?!?!

It really is a joke………….

Welcome to the financial world of today.

The advice is that unsecured your unlikely to get another lender due to the level of commitment you have ?

Do you have any equity ?? Increasing the mortgage is one solution.

You have a lot of debt at high rates, not sensible and not sustainable in the long term.

Personally I couldn't care less about the size of your anatomy - what has that to this with a conversation about how you are financially overcommited with your current level of borrowing. You might be keeping your head above water but if the "flexible"loan is now not flexible how much of a problem is it ?

no_more_cards_for_me

KaloKyri wrote: »

If I tell you that my grand scheme was to investment in property for retirement, are you gonna judge me again?!?!?

I’m in my mid 30’s and believe the housing market would be a safer option than the pensions market.

I’m hovering around 70% ‘loan to value’

Mortgage then ?

Nobody is judging here - I think you will find most of us have been through similar problems. You need to take a step back and look at what's being suggested without taking it so personally.

KaloKyri

Ok, I think I maybe getting somewhere now.

Can we start again? Let’s put my ability to handle money, the size of my anatomy and everything else in between to one side?

I’ll cut a long story short, I’ve had subsidence problems on one property and roof problems on another. Major issues with my insurance company over the issues, the repairs still needed to be done.

The float I had for general repairs was nowhere near enough. I maybe flogging a dead horse, but I feel in 20 years time both properties will be worth more than they are now. Hence the reason for trying to keep them. Furthermore the reason why I will try all other methods before borrowing further against them.

Accordingly to recent sales in the area, there’s a few thousand equity in both properties.