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Poor Credit Help !!

edited 30 November -1 at 1:00AM in Mortgages & Endowments
4 replies 600 views
ameliasimonameliasimon Forumite
3 Posts
edited 30 November -1 at 1:00AM in Mortgages & Endowments
Hi my wife and i currently have a mortgage with an adverse mortgage company,and are paying horrendous amounts of money each month.Now 2 years have elapsed we are able to shop around and remortgage.Unfortunately my credit history is poor while hers is excellent.Anyone got any advice please.She doesnt earn enough to put the mortgage solely in her name

Replies

  • Dave_HamDave_Ham Forumite
    6K Posts
    Tenth Anniversary Combo Breaker
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    Sorry always keen to help, but will need more information in order to do so..

    Key factors

    Property Valuation
    Mortgage Value
    Individual Incomes
    Any credit commitments

    How poor is poor on a credit rating front. CCJ's, defaults, Debt Management Plan?

    We will be able to help with these details being approximate?



    Cheers
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • value is 260000
    Mortgage value is 160000
    My income is 38000,my wifes 15000
    Usual credit type stuff nothing too major
    My credit is rated as poor, 2 ccjs and missed payments hers is excellent
  • Dave_HamDave_Ham Forumite
    6K Posts
    Tenth Anniversary Combo Breaker
    ✭✭✭✭
    Thanks for information.

    Good equity, should be a better solution..

    What interest rate are you currently on?
    When were the CCJ's, approx how much and have you settled/paid them?

    Cheers
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • not sure on interest rate but its high,ccjs very recent and currently coming to agreements to repay them monthly
This discussion has been closed.