We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Remortgage advice - Decent brokers out there?
Options
DebtbustingDiva
Posts: 25 Forumite
Hi
I know that I am not a fabulous potential customer as I only earn £23k from part time employment, £5k through tax credits and child benefit have two small children and am 45. I have a secured loan of £26k and credit card debts on 0% cards totalling £8k. I have a house worth £200k and a mortgage with GE Money of only £90k on it and my credit rating is over 400 equifax points.
I'd like to remortgage to consolidate at least the loan and mortgage but don't think anyone will touch me. Am I right?
I know that I am not a fabulous potential customer as I only earn £23k from part time employment, £5k through tax credits and child benefit have two small children and am 45. I have a secured loan of £26k and credit card debts on 0% cards totalling £8k. I have a house worth £200k and a mortgage with GE Money of only £90k on it and my credit rating is over 400 equifax points.
I'd like to remortgage to consolidate at least the loan and mortgage but don't think anyone will touch me. Am I right?
DFW. LBM £46,490 on 23/2/17.
£43,468 as at 15/1/19
Determined to clear the debt and grateful for any advice and support along the way.
£43,468 as at 15/1/19
Determined to clear the debt and grateful for any advice and support along the way.
0
Comments
-
£23k working part time isnt a bad wage.
I think the sums probably do stack up, have you had a play around on lenders affordability calculators?I am a Mortgage AdviserYou 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.0 -
Thanks, ACG, I have tried the affordability calculators and no one seems to want to give me a mortgage ��DFW. LBM £46,490 on 23/2/17.
£43,468 as at 15/1/19
Determined to clear the debt and grateful for any advice and support along the way.0 -
How many years have you put as the term?
When do you intend on retiring? You could potentially get a 23-24 year term, although it is dependent on your retirement age.I am a Mortgage AdviserYou 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.0 -
Consult a broker to assist you Diva. There should be options.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards