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Remortgage but now have debt.
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Jjay82
Posts: 1 Newbie
Hi,
Myself and my wife are due to remortgage in May 2015 but our circumstances have since changed and now have £40k debt from around £2k when we orginally got the mortgage. This debt has occured due to gutting the house etc.
We will have around £133k left to pay come May 2015 but the house is now worth in access of £200k (we brought for £154k).
Do you see a remortgage with our current lender (Virgin) being a problem?
Thank You,
Myself and my wife are due to remortgage in May 2015 but our circumstances have since changed and now have £40k debt from around £2k when we orginally got the mortgage. This debt has occured due to gutting the house etc.
We will have around £133k left to pay come May 2015 but the house is now worth in access of £200k (we brought for £154k).
Do you see a remortgage with our current lender (Virgin) being a problem?
Thank You,
0
Comments
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It's a customer retention product, not a remortgage and is therefore unlikely to be an issue.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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How did you get on with Virgin re the remortgage?
I am curious to know as I also need to start the remortgage process with them but also have a lot of debt.
Thanks0
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