Re-Mortgaging with Bad Credit and credit card debt
WCN87
Posts: 144 Forumite
Too cut a long story short.
On the help to buy scheme.
House Value £275,995
HTB Value: £54,999
Mortgage £195,500
Deposit just over £20k
Lived in the property for 2 years now and our fixed rate is coming to an end with Halifax, we haven't managed our credit well and I am looking at the best way of reducing my credit card debt.
Credit card debtween us is approx 15k
Loans £25k
The loans i feel are manageable well, but the Credit card debt is getting hard to manage effectively, I have missed a payment but generally keep it up-to-date.
Is it a possibility to take the equity out to pay off some of the debt?
On the help to buy scheme.
House Value £275,995
HTB Value: £54,999
Mortgage £195,500
Deposit just over £20k
Lived in the property for 2 years now and our fixed rate is coming to an end with Halifax, we haven't managed our credit well and I am looking at the best way of reducing my credit card debt.
Credit card debtween us is approx 15k
Loans £25k
The loans i feel are manageable well, but the Credit card debt is getting hard to manage effectively, I have missed a payment but generally keep it up-to-date.
Is it a possibility to take the equity out to pay off some of the debt?
0
Comments
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Not on a Help to Buy property.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
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