Looking for an adverse credit broker.

Pinky29

I apologise as there are probably loads of these threads, i have read a few but its a bit overwhelming and hard to remember everything said.  I'm looking for a broker for a remortgage, to clear our debts (which we have been trying to clear but taking longer than hoped) and release some equity to build an extension.  Our mortgage lender will not consider an application as we have a previous bankruptcy (now cleared over 6 years). Partners credit is amazing as the bankruptcy cleared everything. Mine is not great as we have been trying to clear everything on a low wage (didn't work out well but it is improving). Our situation has improved loads over the last year.  But not sure where to start to look for a broker.  Someone said in a post don't search on google, not sure where to start. If someone could send me in the right direction that would be great. thank you 

Cscott139

An experienced local broker should be ok to help you. Be careful with fees though as some will charge a hefty fee if dealing with adverse and debt consolidation. They should be advising you on the pro's & cons of debt consolidation so make sure you are fully comfortable with what this will mean to you.

haras_n0sirrah

Some of us who post on here are independent brokers. We are identifiable by our signatures. If you dont have your own broker you can read the boards and see if there is a broker you would like to approach. We cannot approach posters but posters are able to approach us via pm

Thrugelmir

Combining both debt consolidation and building an extension may raise flags in potential lenders minds. 

ACG

I think the bigger issue is that you have been bankrupt, you have since run up debt again and you want more debt to build an extension. 

Dont get me wrong, I am not judging as we only have limited information to go off and I am sure you have your reasons, but if I were the broker on this case I would be getting information to the n'th degree to cover my back because I would not be overly comfortable doing it. 

I think you need to just pick up the phone to a broker or 2 and have the conversation with them. I know I am quite cautious (despite the fact we deal in the adverse part of the marker) but I can see some broker either not being prepared to do this or not being able to. You will know if they seem confident doing it or not - for what it is worth, I think there will be "normal" options out there for you, you are unlikely to be stuck paying silly rates.

Pinky29

Thank you for your replies they are appreciated.