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Help mortgage debt repayment and new property
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banks4u
Posts: 526 Forumite
Hi I was wondering if anyone can help. I got into bad credit and now with Payplan. I have a mortgage with Woolwich and now looking to sell the house and repay all my debts. Then I want to buy a new house with the rest of the money. My bad debts are defaults and missed payments. Which lender would be able to look at this or should I wait for 2 years to get a good mortgage ?
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Comments
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Whether you can get this placed depends on the deposit you have. Even if you can get it placed you may not like the rate.
One where you should get some clear advice before you take any action. We speak to far too many people in a similar situation who have agreed a sale before they have checked their onward borrowing.I 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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