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    • WCN87
    • By WCN87 7th Feb 18, 3:08 PM
    • 144Posts
    • 16Thanks
    Re-Mortgaging with Bad Credit and credit card debt
    • #1
    • 7th Feb 18, 3:08 PM
    Re-Mortgaging with Bad Credit and credit card debt 7th Feb 18 at 3:08 PM
    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?
Page 1
    • amnblog
    • By amnblog 7th Feb 18, 3:44 PM
    • 10,411 Posts
    • 4,116 Thanks
    • #2
    • 7th Feb 18, 3:44 PM
    • #2
    • 7th Feb 18, 3:44 PM
    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.
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