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Mortgage Bad Credit History
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meemsb
Posts: 2 Newbie
We have a bad credit history due to a failed business but we have sorted ourselves out and all arrears are up to date, different jobs etc. However, we want to remortgage and dont know where to start.
Can anyone recommend a IFA that would help us with this? Or shall we just not waste our time due to the bad credit history?
Can anyone recommend a IFA that would help us with this? Or shall we just not waste our time due to the bad credit history?
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What is the bad credit and when? Defaults, CCJ's etc?
There are lenders who will consider previous adverse credit. What loan do you have and what is the valuation?
Who is your current lender?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 -
Both. All arrears paid up in April 2012. CCJ was 2 years ago. Mortgage currently stands at £93,500 valued at £125,000 ish.
Current lender is Paratus AMC.
Thanks for your reply.0 -
Was the CCJ joint or sole name?
Worth checking Experian, Equifax and Call Credit and then put those reports in front of an experienced mortgage broker.
With the CCJ 2 years old, a mortgage will be difficult to achieve but not impossible depending upon the content of the above reports.
Good luckI 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
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