A question for brokers regarding remortgage for debt consolidation

anfieldred

feekerry wrote: »

It was Kensington but as I say my credit history was much worse than yours

Thanks again for the quick reply. I feel like an !!!!!! querying my broker for going with Clydesdale, but if it says on their site its max 80% LTV it seems like its a lost cause.

pepperpop

I would ask the question remember they are providing you with a service - you want to ensure you get a successful outcome - definitely ask if it puts your mind at ease.

feekerry

I couldn’t see the deal I got on the lenders website. Was a few different rates/fees ltv but I got a slightly better one than I could see on their website so I think brokers can get ‘other’ deals than those advertised

anfieldred

Asked is it worth pursuing as they say they can only go to 80% LTV for debt consolidation, just waiting on a reply from broker

pepperpop

i am in the process of trying to remortgage for debt consolidation with them but we are 78% liv

anfieldred

Phoned my broker for an update and it looks like I've got to go down the secured route

anfieldred

anfieldred wrote: »

Asked is it worth pursuing as they say they can only go to 80% LTV for debt consolidation, just waiting on a reply from broker

Finally got a reply, and was told this was the outcome.

Am I !!!!ing in the wind here?

Lauralou79

Go over to the debt free wannabe board. There maybe other solutions and they are very helpful there too. Consolidation doesn't always work as you don't deal with your spending so it happens again.
I had minor debts in my early 20s and consolidated with a £8000 loan to reduce my payments many years ago. Then I ran my credit card and overdraft back up too so it didn't work. I ended up paying everything back the hard way it took 6 years: Just glad I didn't have a mortgage back then!

fatbelly

I agree. Debt consolidation doesn't work - it just moves non-priority debt to a more dangerous place. See you on the DFW board.