NR mortgage finshing and general questions

JAM1376

Hi again (just driven home from work)

This is what is so frustrating...if we had known, we could have sorted it all out and none of this would be a problem...could have talked to them, paid them etc and sold the house properly. We never imagined his ex wouldn't tell us there was a problem when she had so much equity to lose!

I have a hard copy of the report, will try and scan it later and put up the relevant bits but from what I could make out, it defo said owing (although it was dated 2005). We were too scared to question this as peeps on here said they may demand the full 100 odd k from us. Never had anything like this before so really unsure what to do!!! If someone tells us otherwise ie says we can question it 'safely', I'm very willing to!

Will also check again how much the house sold for and tally this up with the amount it says owing.

Finally, I already have my payrise in writing, its written into my contract. I also get up to 4k comission a year but I can understand that they prob won't count that as it's not guarenteed.

Feel like I'll spend all my time worrying til this is sorted. If I can get a new fixed rate on my 24k, will feel better. Is this likely? 4 and a bit times my salary?

edit: just reread the above. Will be happy on SVR for a short while as, like I say, we have the money. Fingers crossed but would still love to get my OH on it so we can borrow 15k extra to pay off all our debts!!! Asking for the world as usual!!!!

lisyloo

as peeps on here said they may demand the full 100 odd k from us

If he does owe it and they know where you are then I have no doubt that they would try to recover that amount of money.
The only reason why they wouldn't is if they haven't traced you.

Another explanation is that it's marked as "settled" on the credit report.
This is why I suggest putting it up here.
It's not actually that clear to tell the difference between an open and a closed account.

Unless you've been hiding out then it's not that difficult to track people down.

Some mortgage companies do take into account commission especially if you ahve a track record.
Also some work on affordability and not straight income multilples.
This is very sensible as clearly someone with 4 kids and debts has a lot more outgoings than someone with no kids or debts.

I'm not a broker but I feel you will have a decent chance on your own.
Don't expect to get 5.2, it will be more like 6.2 as rates are higher than when you struck your last deal.

At the moment I think getting OH on the mortgage is a big no no.
Unfortunately his record showed that he walked away. I realise he trusted the ex, so not being judgemental but the lender won't see it that way and will jsut see someone who doesn't pay for their responsibilities.

In fact it could be a problem if you are financially associated with him on your credit record.

I think you might be getting to the stage of needing help from a broker now.