Property News · March 19, 2018

I’m 64 with a poor credit history – how can I remortgage?


It’s worth looking at options such as equity release mortgages that could help you stay in your home Q My wife and I are stuck. We live in a house that we’ve had for 25 years and our interest-only mortgage is due for repayment in six months’ time. Our lenders are being very decent about a possible short-term extension. But our plan of getting a remortgage in my wife’s name (she’s young enough to get a repayment mortgage) has come a cropper. Nobody, it seems, will give her a mortgage without me being on the mortgage too. But I’m 64, ill and have an IVA cleared about 13 years ago. Because of my age and poor credit history, I believe any joint applications will fail. If she were buying a property on her own, there would be no problem.I simply don’t know what to do. It seems that we will be forced to buy something else when we don’t want to. Can you suggest anything? It seems to stump everyone and it’s manifestly daft. SC Continue reading…

Source : theguardian.com
Read more…I’m 64 with a poor credit history – how can I remortgage?

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