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Remortgage with Barclays
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peter67
Posts: 16 Forumite
Any advice appreciated, my current value of the property is 414000 pounds and my current out standing loan (165000 mortgage and 53000 secured mortgage), so I wanted to do a remortgage combined these two for 218000 pounds. I had some defaults previously but my credit score now showing excellent.
However, I have few standing orders for the creditors (it is long standing debt management plan - paying minimum) but not showing in the credit file. say maximum 6000 pounds. Could you please advise whether this will affect my application? should I need to tell the lender about the outstanding amount that I need to pay to the creditors? my last question is that since my credit rating shows excellent, should I first approach the other lenders who are not much stricter than Barclays? please note that my current account with Barclays and my salary goes to this account, they said I am maintaining my account is good, affordability check carried out and they said I am ok to remortgage for 218000. I did mention to the mortgage advisor that I had defaults in the past. He said that don't worry..first do the soft credit search then we decide...please give some advices ..what I should do? thanks
However, I have few standing orders for the creditors (it is long standing debt management plan - paying minimum) but not showing in the credit file. say maximum 6000 pounds. Could you please advise whether this will affect my application? should I need to tell the lender about the outstanding amount that I need to pay to the creditors? my last question is that since my credit rating shows excellent, should I first approach the other lenders who are not much stricter than Barclays? please note that my current account with Barclays and my salary goes to this account, they said I am maintaining my account is good, affordability check carried out and they said I am ok to remortgage for 218000. I did mention to the mortgage advisor that I had defaults in the past. He said that don't worry..first do the soft credit search then we decide...please give some advices ..what I should do? thanks
0
Comments
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This isn't meant to be flippant - talk to a whole of market mortgage broker. Good luck.0
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Thanks Muhandis,
Barclays already arranged an appointment this Friday to put an application, let's see what are they going to offer? in the mean time I will also try 'whole market mortgage broker'? is this online application? can you recommend any good website? many thanks0 -
a friend of mine gave me a contact number of the mortgage broker, can anyone tell me which is better...?
- 'whole market mortgage broker' online application
or
- recommended mortgage broker0 -
Being a whole of market broker does not guarantee competency!0
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