well where do i start ,18 months ago we purchased an old cottage for £95000,we managed to get a mortgage with santander but put £35000 deposit ,then 3 months later borrowed a further £15000 ,then a further 3 months later a further £10000,taking our mortgage to £80k with value of £135000,throughout this time we had 6 defaults on our credit file ,18 months later we have no defaults and have had our cottage valued at £165k in october ,now we have added an extesion which wind/watertight ,all new slated roof ,windows/doors and block work done ,est value is £200000(changing cottage from 2 bed to 5 bed with 3 bathrooms)santander have declined our application due to wife having 1 default left which was put on 3 years ago ,according to their advisor they are not lending for remortgages anymore mainly trying to get first time buyers,our finished ltv will be below 50 %,i will now try and get the mortgage on my own ,santander took us on with all of the defaults but now we are nearly clear they will not do anymore ,hopefully we will get another high st lender but feel well annoyed as santander knew from the start our intentions we now have £3k early exit fees
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