Remortgaging bad credit

Droopyk

Hi all,

I've been trying to sell my flat for 13 months, fell through twice and now seriously stressing out.  I need the money to repay debts and to update my house ( new windows, kitchen, bathroom).


I can't get credit as my score is very poor, and fail on the affordability side due to my credit card debt. Its like I'm in a cycle I can't break. 

My credit card and loan debt total is around 22k

I owe about15k on the flat, value is around 87k and would appreciate any help in where to turn to next, as I'm seriously looking at those companies which buy your house quickly.

I should also add that the flat has a tenant in, but is on a rolling monthly contract.

Thanks in advance 

Karl

penners324

Are you remortgaging the house?

Do a product switch with your current provider. You would have had a letter about what rates they offer.

getmore4less

Droopyk said:

Hi all,

I've been trying to sell my flat for 13 months, fell through twice and now seriously stressing out.

<snip> ........

I should also add that the flat has a tenant in, but is on a rolling monthly contract.

Thanks in advance 

Karl

These could be related,  plenty of threads on the housing board about how this can go wrong.

Get tenant out then sell, reduce price to get quicker sale

Target landlord/investors(with the right price)

What rent are you getting 

If your current house mortgage is up what rates is the lender offering