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Please advise

richash
richash Posts: 31 Forumite
in Mortgages & endowments
I have built a property, It s valued at £500,000 and have mortgage for £130,000.
I have credit cards and loans of around £23K and a poor credit score. Can anyone advise how to get rid of the creditcards and loans as the payments are killing me.
I have tried my bank to put the lons on to my mortgage but as i hve only been self employed for 18 months they do not want to know. Thanks

Comments

  • dunstonh
    dunstonh Posts: 121,109 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    See a whole of market mortgage broker. They will be able to recommend lenders that will consider you.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    A secured loan may be the answer if you wish to retain your current mortgage as it is.
  • richash
    richash Posts: 31 Forumite
    Conrad wrote: »
    A secured loan may be the answer if you wish to retain your current mortgage as it is.

    Would rather consolidate te loans and c/c with the mortgage, is that an option?
  • nspnick
    nspnick Posts: 15 Forumite
    First question is Does your existing mortgage have aany early redemption charges?
    I am a Mortgage Adviser
    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
  • richash
    richash Posts: 31 Forumite
    nspnick wrote: »
    First question is Does your existing mortgage have aany early redemption charges?

    No, it does not.
  • poppy10_2
    poppy10_2 Posts: 6,597 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    So just remortgage, with another lender if necessary.
    poppy10
  • richash
    richash Posts: 31 Forumite
    poppy10 wrote: »
    So just remortgage, with another lender if necessary.
    Can anbody advise who is good with regards to selfemployed for only 18mths with no accounts to show. My current lender HSBC swant accounts as do halifax:confused:
This discussion has been closed.
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