We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Remortgage - Suitable for high-street lenders?
binky21
Posts: 23
Forumite
Hi there,
My wife and I are in the process of remortgaging our house. Thanks to a simple mistake and some terrible luck, my wife has 3 missed payments on her credit file in April, May, June 2015 (1, 2, 1). The amount (a total of £40) never defaulted; it was paid off and the account was closed. However, since then we have been on an "adverse" credit mortgage.
We are looking to borrow roughly £246,000 at a LTV of 85%. We have a combined salary of £77,450. We have roughly £900 of credit card debt which could be paid off instantly (it's on 0% at the moment), no other debt, no dependents and are both employed full-time.
We have an appointment with a broker later this week, but I wanted to test the waters quickly and see what people think. Would we be suitable for a high-street bank (e.g. Santander, Natwest, etc.)? I realise we probably couldn't go to lenders such as HSBC or First Direct just yet.
Thanks in advance!
My wife and I are in the process of remortgaging our house. Thanks to a simple mistake and some terrible luck, my wife has 3 missed payments on her credit file in April, May, June 2015 (1, 2, 1). The amount (a total of £40) never defaulted; it was paid off and the account was closed. However, since then we have been on an "adverse" credit mortgage.
We are looking to borrow roughly £246,000 at a LTV of 85%. We have a combined salary of £77,450. We have roughly £900 of credit card debt which could be paid off instantly (it's on 0% at the moment), no other debt, no dependents and are both employed full-time.
We have an appointment with a broker later this week, but I wanted to test the waters quickly and see what people think. Would we be suitable for a high-street bank (e.g. Santander, Natwest, etc.)? I realise we probably couldn't go to lenders such as HSBC or First Direct just yet.
Thanks in advance!
0
Comments
-
High street all day long.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards