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Re Mortgage - Joint Owner
jayk_finance
Posts: 1 Newbie
Dear Forum Members,
We are hard working couple and made a mistake buying property in Dubai and lost £80k. I defaulted on 1 credit card and 1 loan which i settled in 2014..My credit rating is very bad and current provider is charging 4.74% on £250k mortgage and can not offer better deal because my bad credit. My salary is 30K and my Wife Salary is 65K. Wife has excellent credit rating.
What is the best way for remortgage deal?? does my wife's Salary is sufficient?? Please advise
Thanks in Advance
We are hard working couple and made a mistake buying property in Dubai and lost £80k. I defaulted on 1 credit card and 1 loan which i settled in 2014..My credit rating is very bad and current provider is charging 4.74% on £250k mortgage and can not offer better deal because my bad credit. My salary is 30K and my Wife Salary is 65K. Wife has excellent credit rating.
What is the best way for remortgage deal?? does my wife's Salary is sufficient?? Please advise
Thanks in Advance
0
Comments
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What were the registration dates of the defaults and the amounts defaulted at the time?
What is the loan to value? (Mortgage amount divided by purchase price or property value).
You may not get a better rate than 4.74% you are already on.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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