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Poor Credit Help !!
ameliasimon
Posts: 3 Newbie
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
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Comments
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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?
CheersI 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.0 -
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 excellent0 -
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?
CheersI 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.0 -
not sure on interest rate but its high,ccjs very recent and currently coming to agreements to repay them monthly0
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