We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage with a bad credit rating
jon-green
Posts: 1 Newbie
I have recently recieved a letter from my mortgage company (J P Morgan Chase) saying that if I pay my mortgage by the end of August they will reduce the value by £17,000.
I obviously want to take this offer up however I do have a bad credit rating. My current mortgage was sold to me as a self cert mortgage. I believe that these are obsolite. I am worried that I will not be able to get a new mortgage to take up the offer.
current Morgage value 88,000
Any pointers will be most helpfull.
Regards JG
I obviously want to take this offer up however I do have a bad credit rating. My current mortgage was sold to me as a self cert mortgage. I believe that these are obsolite. I am worried that I will not be able to get a new mortgage to take up the offer.
current Morgage value 88,000
Any pointers will be most helpfull.
Regards JG
0
Comments
-
whats you income, how much is the prop worth and whats the bad credit?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
-
There are surrogate self cert options, a good broker will be able to help you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards