Remortgage with two defaults

ACP021

My husband and I are looking to remortgage our current home. We are looking for a low LTV of 40%, the loan size meets most affordability calculators based on my husband's income alone. I am self-employed and have more than 3 years' accounts so could use mine if needs be. We want to capital raise to build an extension.

I have two defaults dating back to 2012 of which I finished paying one in 2015 and one earlier this year. I have one other debt which I am still paying off but which doesn't show on the credit report for some reason.

We have approached our existing lender who can't assist and now need to go elsewhere. Can anyone give me any advice on whether our case might be acceptable, whether or not to use my income, should I come off the mortgage/deeds etc?

Any advice would be gratefully received - thank you!

Thrugelmir

ACP021 wrote: »

We have approached our existing lender who can't assist

On what grounds?

In general settling defaults over an extended period does one no favours. That's common sense. Think of it as borrowing £50 from a mate. A few years after finally repaying them. You ask to borrow a thousand. Pretty obvious what the reaction would be. Lenders might be in competition but overriding this no one wants a potentially bad customer. Simply more trouble than they are worth.