TOE help and advice

2hapennys

Good Afternoon
I am hoping you could help me with some advice.
I have a mortgage in my ex husbands and my name, plus a secured loan on the property again in both names. We have been seperated for over five years,(although I have paid them both since he left) and finally the divorce was completed in May.
I have a consent order from the court which states that the house will be mine and I agree to take over the mortgage and the loan.The loan is with Accenden, who cannot transfer the loan into my name solely, due to them taking over the loan, and I have a letter from them verifying this.

After speaking with the mortgage company (was Derbyshire Home Loans, then transfered to The Mortgage Works) I sent off all the completed documents. I then recieved a letter from the underwriters which states certain conditions must be met, ie to settle off the secured loan, the balance is around £5k, with two years to go, and I do not have the funds to clear that off. I called them and basically there is nothing they can do, they said his name can be removed from the title deeds, but I am not sure if that will be sufficient for the court.
I cannot borrow the shortfall from them, as they no longer lend.

My credit record is great for the last three and a half years but before that I had a few hicups, due to me struggling to meet all the bills on my own salary. I dont have any CCJ's and only one default for £87 which falls off in Nov, its mostly a few missed/late payments.

Would I be able to approach a mainstream lender for a mortgage to cover both? The house is roughly worth £100000, the mortgage is £70000 ( I pay £390), then the loan at £5000 (I pay £191).I earn £25k a year.

I have any appointment to see my solicitor but not until the 29/7, I cant get in before that.
I would appreciate any help of advice because I do not know what to do, and panicing because the court paperwork says I could go to prision if I breach the agreements, but I am hitting a brick wall when I am trying to get them sorted.

Many thanks for reading my ramblings.

dotdash79

I have the feeling that with 25% deposit and your income as it is then this is doable.

You might want to look at the non credit scoring lenders. Best bet is to get your credit files together (£2 ones not the monthly memberships) and get in contact with a broker you should be fine.

So long that you are trying to meet the agreement then the courts will be fine with you.

2hapennys

Thank you for your reply dotdash.
I was wondering if a broker could be useful, I think this might be the way forward.
You have put my mind at ease regarding the court.

dotdash79

What ever you do is make sure you take a considered approach to sorting this out. You don't want to regret a decision because you think you didn't have time.

Courts like to see progress and effort, so long that you can show that then I wouldn't worry abotu it too much.