Remortgage to consolidate debts

Thrugelmir

cpj1982 wrote: »

Thanks hopefully all be ok then. We have no adverse credit on our records and have closed any accounts we are no longer using.

Just a comment not related directly to you.

Not just a question of looking at adverse. But build up of debt. If debt existed prior to 2 plus years ago. Then it obviously wasn't for the purpose of extending the build. Credit profiling is a fairly accurate science these days. Enabling lenders to categorise you into a type of borrower. People have very similar traits.

cpj1982

Thanks for the replies. They unsecured loans have all been taken out since the purchase of the property. Broker has submitted application today so matter of waiting now.

getmore4less

Was your current lender not interested in giving you more money?

cpj1982

Application was accepted in principle and valuation has been completed and valuation ok. Broker has asked me to get a copy of my credit report for natwest to check current balances on the debts to be repaid??? Surely they see that when they do a credit check? Anyone else been asked to do that? We have had a letter from Natwest solicitors to complete for transfer or mortgage deeds would they instruct if they were still checking?

cpj1982

Anyone with similar experience

foxy-stoat

Just get a copy of your credit report and send it to them, you can get a free one with Noodle. Sounds like they are willing to entertain this so.

Good luck