We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
£300k in bank but cr*p credit rating!
Options
Comments
-
Im just doing some research on a case. Similar situation in that a DMP has been satisfied, albeit a little longer than yours although the LTV is higher.
Rates are around 3% but they only have variable rates.
The devil is in the detail, so potentially you might be looking at something decent but it comes with the risk of rate rises.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Get your house on the market and sell that first, the equity you release will see you purchase your new house outright and you won’t need to worry about a mortgage.A DMP will screw you for years; not months. Further pros, You will escape the 2nd home tax and you will still have funds in savings. Being a landlord is stressful also, don’t do it.Once you have an offer on your house you then start scouring the market and putting offers in on the properties you like.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards