Adverse credit remortgages
JamesFree89
Posts: 2 Newbie
Hi everyone,
We are currently with Aldermore with our fixed term ending in 4 months time.
We had to use Aldermore due to my partners poor credit (Payday loans, defaults and missed payments in credit cards).
We are currently with Aldermore with our fixed term ending in 4 months time.
We had to use Aldermore due to my partners poor credit (Payday loans, defaults and missed payments in credit cards).
Fast forward, payday loans removed from credit history as we found her mum and sister got payday loans out in her name. Default settled and from 2016, credit cards paid off.
We have picked up some short term debt £10k (new boiler week before Christmas, emergency repair works to the house).
I wanted to see thoughts do we stick with current lender or switch. If we switch do we go with an adverse broker to secure?
Current interest: 2.9%
I wanted to see thoughts do we stick with current lender or switch. If we switch do we go with an adverse broker to secure?
Current interest: 2.9%
LTV: 62%
Term: 21 years
Product switch:
- 2 year fixed 5.24%
Product switch:
- 2 year fixed 5.24%
- 5 year fixed 5.39%
- 2 year discounted 4.98% variable
0
Comments
-
You no longer have any adverse if I have read it correctly?
You should be looking at the high street - although you might want to avoid lenders you defaulted with (or use a broker, but any broker should do - maybe the one you originally used?)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 -
Hey ACG,
That’s correct. Payday loan wrote to confirm all history would be removed from credit file. No defaults.
ACG, would it be ok to private message to get details?0 -
Sure, no problem.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.1
Categories
- All Categories
- 343K Banking & Borrowing
- 250K Reduce Debt & Boost Income
- 449.6K Spending & Discounts
- 235.1K Work, Benefits & Business
- 607.7K Mortgages, Homes & Bills
- 173K Life & Family
- 247.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards