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Re-Mortgage with Satisfied Defaults
Calmul_2
Posts: 4 Newbie
Hi,
I have a mortgage with Halifax. I am due them around £65k on a house that is work approx £120k. I'm about 7 years through a 25 year mortgage. I was thinking about moving but have decided to try and remortgage and improve my home. The work that we are going to get carried out is going to cost in the region of £20k.
Here lies the problem! I have 3 defaults on my account. One just over 3 years, one over 4 and one over 5. They are all satisfied. Would these exclude me from upping my mortgage with the Halifax even though the new LTV will only be around the 70% mark ?
Any help or advice would be appreciated :beer:
I have a mortgage with Halifax. I am due them around £65k on a house that is work approx £120k. I'm about 7 years through a 25 year mortgage. I was thinking about moving but have decided to try and remortgage and improve my home. The work that we are going to get carried out is going to cost in the region of £20k.
Here lies the problem! I have 3 defaults on my account. One just over 3 years, one over 4 and one over 5. They are all satisfied. Would these exclude me from upping my mortgage with the Halifax even though the new LTV will only be around the 70% mark ?
Any help or advice would be appreciated :beer:
0
Comments
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I should add that the defaults were just satisfied last month0
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Speak to Halifax and ask them.
If they will not do it speak to a whole of market broker as there are lenders who will allow historical adverse credit.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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