Chances of remorgaging?

matesalka

I was wondering if anyone would give me some advice on my situation which is a bit complicated!

My situation is as follows: I am 50 and want to raise £100 000 to carry out some home improvements on a house I own (it was my childhood home) and to help my partner with some debts he has.

The house is currently rented out and generates £2700 a month rent. I pay all the bills on the house which is in the region of £600.00 per month so net rent of £2100. I have only been renting out since July so can't present accounts but can show bank statements where the rent is received and tenancy agreements

I also receive a small salary and dividends from a directorship I have for a limited company. This varies, it was around £10000 3 years ago, £11000 last year and will be £ 27000 this year (SA will be done at the end of January)

I also receive income from a holiday let business. In the region of £4200 per month (not net of expenses) I have been running this since July so not on my Self Assessment yet (I believe it will be on my self assessment not this January but the following January if I am correct). I can show bank statements where these funds are going into

I am hoping to apply for a remortgage if feasible next April. I didn't have a great credit history (nothing major, quite a few late payments on credit cards, this was over 2 years ago nothing else but it is improving now.I have about £1800 in credit card debit. I don't have other debts

I have not had the house valued recently. I did get some estate agents to come round around 2 years ago and based on their valuation at that time I would be looking at an LTV of around 10%. I would presume that the value of the house has gone up since then though

I just wanted some advice on what my chances would be as I can't produce accounts for the rental and holiday let yet and my credit history. I do also own my own house (the one I am living in)


Thanks