Hi,
Thanks for taking the time to read this message, I really am in a pickle and dont know where to turn.
Back in 2010 my mom sadly passed away very suddenly and as she and her partner (of 20 years) were never married my moms house (that I currently live in with my moms partner and my son) got put into my name. This was all done via a soliciter and I have all the paperwork to say that the house is now in my name.
However our current mortgage lender Paratus AMC has asked me to get another mortgae to pay the one off my mom left outstanding as they do not lend out money anymore and here is where I have the problem...
Through my youth I was never very good with money and in 2009 when my son was born I had a debt relief order to clear my debts this is now on my credit file and is causing massive problems. I have resolved all the outstanding debt issues and I am keeping the current mortgage payments up to date. But now everytime I call paratus to make a payment they are asking me when we will be getting this mortgage transfered.
There is £30k outstanding on the mortgage and there are some remedial repairs required on the house (roof issues, bathroom replacement due to old age...) so including fees I am looking to borrow around 40k. I know this sounds a lot but compared to my friends mortgages this is nothing.
In the past 6 months I have used 2 mortgage brokers (from two different companies) who have both lost interest in my case after a month or two and now I cant get in touch with them and they will not return my calls.
What I really want to know is
A) Where do I turn next if no mortgage brokers can get me a mortgage?
B) Can paratus take the house off us? Its a family home that holds a lot of happy memories for us and will do anything to stay in it.
C) Should I be worried bout Mortgage Advisors having personal details of mine, and information on the house etc... and me not being able to contact them?
This is all new to me and any help is very much appreciated as I am now losing sleep over this and becoming very stressed about it.
Once again thanks for taking time to look at my problem.
Thanks for taking the time to read this message, I really am in a pickle and dont know where to turn.
Back in 2010 my mom sadly passed away very suddenly and as she and her partner (of 20 years) were never married my moms house (that I currently live in with my moms partner and my son) got put into my name. This was all done via a soliciter and I have all the paperwork to say that the house is now in my name.
However our current mortgage lender Paratus AMC has asked me to get another mortgae to pay the one off my mom left outstanding as they do not lend out money anymore and here is where I have the problem...
Through my youth I was never very good with money and in 2009 when my son was born I had a debt relief order to clear my debts this is now on my credit file and is causing massive problems. I have resolved all the outstanding debt issues and I am keeping the current mortgage payments up to date. But now everytime I call paratus to make a payment they are asking me when we will be getting this mortgage transfered.
There is £30k outstanding on the mortgage and there are some remedial repairs required on the house (roof issues, bathroom replacement due to old age...) so including fees I am looking to borrow around 40k. I know this sounds a lot but compared to my friends mortgages this is nothing.
In the past 6 months I have used 2 mortgage brokers (from two different companies) who have both lost interest in my case after a month or two and now I cant get in touch with them and they will not return my calls.
What I really want to know is
A) Where do I turn next if no mortgage brokers can get me a mortgage?
B) Can paratus take the house off us? Its a family home that holds a lot of happy memories for us and will do anything to stay in it.
C) Should I be worried bout Mortgage Advisors having personal details of mine, and information on the house etc... and me not being able to contact them?
This is all new to me and any help is very much appreciated as I am now losing sleep over this and becoming very stressed about it.
Once again thanks for taking time to look at my problem.