Hi

I am just strating to deal with the nightmare that is Mortgage Express. I have £42K of defaulted credit cards that I am in arrangements with and £6K settled ccjs. Mortgage £290K through GMAC now B&B/MortExpress no arrears though payments have on occassion been a week late but always paid.

Just been told house will sell for substantially more than expected, so I can I reduce mortgage to £192K and pay off all debt. However in fixed rate with B&B/Mort Exp at 4% and would be amazed if I get offered anywhere else. I am employed and on £70K a year all verfiable from payslips. Bad debt came about from being self employed my business which ceased trading a year ago.

In first call to MExpress last week they said yes you can port the mortgage and on those figures we will lend £192K

Talking to MExpress today gives me no confidence at all that they have any idea what they are doing. I am proposing to pay off all debt and stick a £30-50K deposit into property depending on final deal on my current house, yet not getting the impression they will give me mortgage of £192 despite me lowering their exposure by £100K and the LTV from 85% on the original loan to 79% on this plus payments of £1100 reducing to £664. Original mort was self cert this would be properly certified.

Anyone else been this route before? Any comments gratefully received! how can I talk to an underwriter?