Remortgage with Barclays

peter67

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

muhandis

This isn't meant to be flippant - talk to a whole of market mortgage broker. Good luck.

peter67

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 thanks

peter67

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 broker

Let_Us_See

Being a whole of market broker does not guarantee competency!