Hello All,
This is my first post on here, so please be gentle!
I am living with my partner who has a mortgage of £275K, on a house worth £385K - so he has 30% equity in the house. The problem is that his ex-wife is also on the mortgage, when the finances go through she will be taken off and he will not be able to afford to stay on it by himself. He has been paying the mortgage by himself for the past 4 years - so we can afford it. Although he can only get a mortgage for £245K, so we are £30K short....
I want to go on to the mortgage, however I was made bankrupt in Nov 2007, Discharged Sept 2008, so it was over 4 years ago now, it will come off of my credit report next year. However we need to sort a deal out before March 2013!!! I have a clear history now - never missing a payment and i am rebuilding my credit score. I have a good job with a £30K annual salary.
Most of the posts on here are about buying houses, where we just need to get me on the mortgage and remortgage (not for more money - just for a better deal).
PLEASE help or point me in the right direction....I understand I should probably go through a broker/specialist lender - but no idea which ones would accept me....or would it be worth asking high street lenders - Santander/Nationwide?
Thanks 369
This is my first post on here, so please be gentle!
I am living with my partner who has a mortgage of £275K, on a house worth £385K - so he has 30% equity in the house. The problem is that his ex-wife is also on the mortgage, when the finances go through she will be taken off and he will not be able to afford to stay on it by himself. He has been paying the mortgage by himself for the past 4 years - so we can afford it. Although he can only get a mortgage for £245K, so we are £30K short....
I want to go on to the mortgage, however I was made bankrupt in Nov 2007, Discharged Sept 2008, so it was over 4 years ago now, it will come off of my credit report next year. However we need to sort a deal out before March 2013!!! I have a clear history now - never missing a payment and i am rebuilding my credit score. I have a good job with a £30K annual salary.
Most of the posts on here are about buying houses, where we just need to get me on the mortgage and remortgage (not for more money - just for a better deal).
PLEASE help or point me in the right direction....I understand I should probably go through a broker/specialist lender - but no idea which ones would accept me....or would it be worth asking high street lenders - Santander/Nationwide?
Thanks 369