With a low income will I be able to remortgage my house ?

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Adrian.86

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Post by Adrian.86 » Wed Feb 25, 2015 7:31 pm
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MY INCOME IS 13000 POUND A YEAR MY PROPERTY IS WORTH 160000 AND I OWE THEM 100000 MEANS I HAVE AN EQUITY OF ABOUT 60000 BUT WITH SUCH A LOW INCOME WILL I B ABLE TO REMORTGAGE MY HOUSE ??
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Mortgagesteve

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Post by Mortgagesteve » Wed Feb 25, 2015 7:46 pm
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Hi Adrian,

Sorry to say but no.

Without more income lenders would decline you a mortgage.

Any more income?

Could someone guarantee the mortgage for you - parents, grand parents, brother or sister?

Regards
Steve
Every thing comes to he who waits.
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luluj

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Post by luluj » Wed Feb 25, 2015 9:06 pm
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Welcome to the forum Adrian.86
Are you looking at a debt solution hence consideration for a remortgage or for some other reason ?
If you do have debts that need resolving their are many options available for you to consider - look at the ask the experts a question section on the left hand side for a number of forum experts who may be able to help identify your best course of action.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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