Can anybody help??

My partner took on a Computeach course last year and the cost was £6,500. We took the buy now pay in 12 months time option with the view to putting the money onto our mortgage.

However with the current mortgage climate we are unable to secure that money against our home and the repayments for the loan are due to start shortly.

Can anyone offer some advice on how we would be best suited to deal with this as we won't be able to afford the repayments.

Thanks

sammy01633,

A secured loan could be the option - you don't say why you can't secure it against the mortgage (lender won't allow you to borrow more? low equity?, etc). If yo can pass more details, I, or someone else may be able to advise on the best solution.

Regards,

Adey

Our fixed rate mortgage ran out in April and we have approached x2 mortgage advisors who have both told us that there is currently nothing on the market for us as if we consolidate the Computeach loan into the mortgage we would need to borrow approx 92% value of the house. I called the mortgage company and they are'nt willing to help at all.

It doenst help that my credit record isnt the best. Some bills from 5 years ago caught up with me last year. They are all paid off now but I am currently waiting for my credit file to update.

Thanks

Sam