Adverse credit remortgages 9 March at 2:28PM in Mortgages & endowments 3 replies 184 views

JamesFree89

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).

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%

LTV: 62%

Term: 21 years

Product switch: 
- 2 year fixed 5.24%

- 5 year fixed 5.39%

- 2 year discounted 4.98% variable 

ACG

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?)

JamesFree89

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?

ACG

Sure, no problem.