remotgage to release funds with bad credit

Twiceshy82

Hi

Ok so i really need some advice, i took out my mortgage 2 years ago and my fixed rate has now ended. My mortgage has actually dropped by £50.00 per month :j, however now i need to release some equity or at least try.

My problem starts here, over the last year or so i have missed a few payments here and there and now my credit score has dropped from 986 to 714, i also have around 9400.00 in unsecured debt. I am not in arrears with any of my debts.

My home is worth 95000.00 and my mortgage is currently 71819.00 and i need around 6000.00. this is for necessary work that needs doing on the retaining walls that stop my garden falling on to my house. I earn 17000.00 a year not including commision.

I tried for an unsecured loan however this was declined and i also looked into a secured loan however the interest was rediculous and repayment unaffordable.

Is there a lender out there that would look to assist somebody in my situation?

Any assistance would be greatly appreciated

Thanks

Kelly

Thrugelmir

You are going to struggle. Given that you have missed payments and already have £9,400 of unsecured debt. Most lenders would regard advancing you further money as irresponsible ( in the context of the rules under which they are duty bound to operate).