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Bad credit remortgage

edited 30 November -1 at 1:00AM in Mortgages & Endowments
3 replies 382 views
bradrockbradrock Forumite
184 posts
Part of the Furniture 100 Posts Combo Breaker
edited 30 November -1 at 1:00AM in Mortgages & Endowments
Hi all me and wife going to apply to remortgage in about 3 months just seeing if u think it’s placeable with previous credit issues.
Situation is this .

I own flat worth 70k 64k owing rented out for past 3 years and continuing.
Me and wife live in her house but want to remortgage to both names
It’s worth 95k owes 70k...

Her credit is clean.
I have 3 defaults 1 18 months old other 2 3 years and 2 ccjs 3 years old all satisfied

My salary 22k hers is 10k and we have a 10k unsecured loan no more debt.

Thanks

Replies

  • csgohan4csgohan4 Forumite
    8K posts
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
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    that's a lot of debt, you could consider retention offers via your online portal where no credit check is done, but the offers may not be competitive

    otherwise try a broker who specializes in adverse credit to see if they can give you better options
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ PIxie RIP
  • ThrugelmirThrugelmir Forumite
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    bradrock wrote: »
    I own flat worth 70k 64k owing rented out for past 3 years and continuing.

    Is the mortgage interest only?
    “Markets have been so good for so long, that many investors are trivialising the advanatages of actively managing portfolio risk" - Gervais Williams
  • bradrockbradrock Forumite
    184 posts
    Part of the Furniture 100 Posts Combo Breaker
    Yes it is currently it’s 200 a month but I pay the whole rent of 400 a month
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