Hello There
Wondered if anyone could help me with this one?
We need to make a few home improvements, we currently have about 60k of equity in the house.
We also have a number of defaults on credit cards that have mounted up over the last couple of years that have adversely affected our credit rating.
We have never missed any mortgage payments.
How likely is it that we would be able to re-mortgage with a new/existing lender in order to release some of that equity? Would our poor credit rating really hold us back or would the fact that we have so much equity and a good record of re-paying 'trump' that?
Thanks in advance
Wondered if anyone could help me with this one?
We need to make a few home improvements, we currently have about 60k of equity in the house.
We also have a number of defaults on credit cards that have mounted up over the last couple of years that have adversely affected our credit rating.
We have never missed any mortgage payments.
How likely is it that we would be able to re-mortgage with a new/existing lender in order to release some of that equity? Would our poor credit rating really hold us back or would the fact that we have so much equity and a good record of re-paying 'trump' that?
Thanks in advance