Poor Credit Help !!

ameliasimon

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

Dave_Ham

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

ameliasimon

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_Ham

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

ameliasimon

not sure on interest rate but its high,ccjs very recent and currently coming to agreements to repay them monthly