Best ReMorgage with bad credit score

daveyspursboy1969

Hi every one , due to matters out of my control I need to re morgage my home.
I have been left with credit score of 555 but no ccj . I would need approx. 120,000 on a house worth 180,000.
Please can some one give me some good news Thanks

FreddieFrugal

daveyspursboy1969 wrote: »

Hi every one , due to matters out of my control I need to re morgage my home.
I have been left with credit score of 555 but no ccj . I would need approx. 120,000 on a house worth 180,000.
Please can some one give me some good news Thanks

You really need to contact a mortgage advisor, I don't think you're going to get much in the way of help on here other than people suggesting that you need to go and speak to someone who can actually check the market for you and give you some options.

I'm sure you would be able to find someone that would give you a remortgage at sub 70% LTV, but also depends on your income and outgoings and whether you can afford to cover the payments on a £120,000 mortgage.

amnblog

The 'score' from the credit reference agency makes no difference to any mortgage decision Davey.


Its the data behind that affects your options.


What is it on the file that is affecting your score?


Do you have defaults, missed mortgage payments, payday loans, a debt management plan?


When did these problems occur?

daveyspursboy1969

defaults , no ccj or anything like that and this happened over last 3 years .Have paid lot of but still some that need paying off with money raised from re mortgage :T

David_White

As FreddieFrugal has said, there may well be a solution for you but your best bet is speaking to a specialist broker.