Adverse credit mortgage

nic051980

Hope someone can offer some advice please I have a mortgage with Halifax with an ex partner who left nearly 6 years ago and hasnt paid any contributions and doesnt want any equity or financial settlement from me. I am now remarried and am trying to re-mortgage with my husband instead of ex partner. The upshot is that I have a default from November 2009 and an arrangement to pay on a credit card that I settled in 2012 (the initial arrangement was made in 2010). The default will disappear in November but im told the arrangement to pay account will be visible 6 years after the date the account was closed. I have been to a broker who has come back with a deal with Precise mortgages and the interest rate is obviously much higher than my current mortgage plus the arrangement fee, valuation and broker fee along with legal fees will mean I will probably pay out about 3k to do this, I dont feel like I want to commit to all that cash only to want to move the mortgage again in a couple of years. Im wondering whether if I leave this until after the default has gone (November this year) do I have any chance of accessing mainstream lending with the arrangement to pay still on file?

Dave_Ham

There are probably opportunities now, that are not on Precise rates so probably worth getting a second opinion from another broker

Best of luck

nic051980

Thanks - I will do :-)