Help please, selling house but can't get new mortgage!

Patbcn

samtoby wrote: »

Patbcn wrote: »

Who was that with?

HI Sam Toby,

the broker is called Selective Mortgages.

samtoby

I want another baby but I have had to pay off all my debts move back home and save to then loose my job.

I agree it is a I want it now situation. I have paid in more ways than one for my errors. I had my last baby nearly 8 years ago....marriage maybe one day but can't afford that and travelling. No chance in a month of sundays. And I am 27.

samtoby

Patbcn wrote: »

samtoby wrote: »

HI Sam Toby,

the broker is called Selective Mortgages.

I imagine they are not that selective?:rotfl:

Not charging those costs.

Good luck with your search....

Horseunderwater

Patbcn wrote: »

Hi there,

I need some advice.

We put our house in the market a couple of months ago trying to downsized and pay off the debts with the sale.

We have now a buyer, they are ready to proceed and we have found a house we like. We put an offer down that has been accepted.

My partner is self-employed and we have paid late the mortgage in some occasions in the past (that's why we want to sell and get a mortgage that will be half of what we have now) and we also have 50% deposit to put down.

We haven't sent any of the selling 'solicitors' papers back, so it is possible to withdraw our sale without getting penalised by the Estate agent asking for their fees.

Can somebody advice please? thanks

Look up the motley fool website and ask them to get their mortgage advisor on board. We were in similar position in that we had arrears, which we paid off as a priority debt. Once those were cleared they got us a 2 year fixed deal off high street and we were also able to borrow extra to fix up house and deal with other debts into one basket. You could maybe do same, ie keep to current house and still get sorted. So long as you have some equity in house per what you wish to borrow this could be answer. We then made sure all next 24 months of mortgage payments were done and dusted and then re did it again for fixed 5 year deal this time with high street lender. And that is now coming to an end. If interest rates stay below what I am currently paying, then I will put the extra toward a new mortgage and associated fees and get some money behind us for once. If not then I will try and do the usual fixed deal.

Thrugelmir

Horseunderwater wrote: »

Look up the motley fool website and ask them to get their mortgage advisor on board. We were in similar position in that we had arrears, which we paid off as a priority debt. Once those were cleared they got us a 2 year fixed deal off high street and we were also able to borrow extra to fix up house and deal with other debts into one basket.

When was this?

samtoby

Thrugelmir wrote: »

When was this?

Bet it was not in the last two years! Or even three!:rotfl:

Patbcn

Horseunderwater wrote: »

Look up the motley fool website and ask them to get their mortgage advisor on board. We were in similar position in that we had arrears, which we paid off as a priority debt. Once those were cleared they got us a 2 year fixed deal off high street and we were also able to borrow extra to fix up house and deal with other debts into one basket. You could maybe do same.

thanks, I have just had a look to that website.

I fill their form with out CC's and loan, and how much we earnt and saying he has adverse credit and of course I need to call in as they can't give me a quote online with adverse credit so I will do that tomorrow.

We currently using the broker called Mortgage Advice Bureau any comments on that? are they any good? the lady seems so helpful but nothing yet...

Patbcn

Patbcn wrote: »

thanks, I have just had a look to that website.

I fill their form with out CC's and loanbut nothing yet...

I meant with OUR credit cards and loan.

Thrugelmir

samtoby wrote: »

Bet it was not in the last two years! Or even three!:rotfl:

I doubt it was recently. That I agree.