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Simply adverse remortgage possibly Barclays?
Rigpig66
Posts: 19 Forumite
Hi I applied to SA on Tuesday and got an AIP Wednesday through them,
they haven’t said which bank however I’ve had a hard search on my bank by Barclays on Wednesday reported to me too!
application going in to bank on Monday via SA so I am thinking it’s Barclays…. However…..
I have a LtoV ratio of 60%
wanting to remortgage and remove someone off deeds and so pay off debts. I have a ok credit score but lots of debts about £35k unsecured inc car finance and £60k mortgage and secure loan. (we did secure a loan on the house 3yrs ago for debts) I’m hoping the the bank approve mortgage!
Affordability after the mortgage goes through is great I will have lots of income to spare even if the rates shoot up, I can easily afford to mortgage pay bills save £800pmth and live comfortably. Plus the rate offered is lower than switching my current mortgage with current lender!
they haven’t said which bank however I’ve had a hard search on my bank by Barclays on Wednesday reported to me too!
application going in to bank on Monday via SA so I am thinking it’s Barclays…. However…..
I have a LtoV ratio of 60%
wanting to remortgage and remove someone off deeds and so pay off debts. I have a ok credit score but lots of debts about £35k unsecured inc car finance and £60k mortgage and secure loan. (we did secure a loan on the house 3yrs ago for debts) I’m hoping the the bank approve mortgage!
Affordability after the mortgage goes through is great I will have lots of income to spare even if the rates shoot up, I can easily afford to mortgage pay bills save £800pmth and live comfortably. Plus the rate offered is lower than switching my current mortgage with current lender!
Sooo what are my chances of this going through with Barclays at the moment?? Are they being strict or a little more relaxed with their lending?
So can simply adverse get me this mortgage?? Advice from your experiences
So can simply adverse get me this mortgage?? Advice from your experiences
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Comments
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What adverse credit do you have?I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Just about £35k unsecure debt did have a payday loan back in 2021 and also had a store card that states defaulted on in 2021 for 5mths but that’s all been satisfied for over 13mths now0
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Halifax said no before a dip 🙄0
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