I have a query about remortgaging however it first really requires some back story.
I have previously had a loan and soon after taking it out, I lost my job in unfavourable circumstances and for various reasons was unable to claim on the PPI that I had been sold.
I was unable to claim JSA due to the fact that I was fired from my employment "at my fault", which was untrue, but was my word against employers, and that my (newly married) wife was in full time employment.
So naturally, this caused some financial difficulties for me and my wife. However, throughout everything she kept on top of her financial commitments and between us we did our best to improve mine, payments where possible. Until we received an inheritance from her family to enable us to put a deposit on a house, sell our houseboat and settle my debts in full.
Since then, both our finances have only improved, however whilst her credit file improves, mine is stagnant and marked with the bad score from this loan.
We bought our house in 2011, in need of some work whilst at the bottom of the market with a substantial 30% deposit, since that date our house value has increased by a suggested £30,000 by Zoopla, and we have paid off more than the required payments every month since.
We now wish to make further improvements to our home, with the hope of starting a family and as such want to remortgage to release equity to enable us to build an extension, replace our windows and doors and replace our boiler. However due to my credit history the mortgage company still refuse to put my name on the mortgage and consider my wife’s income as insufficient to remortgage.
I feel my only option is to put a NOC on the file; however I am worried this will make no change and will only cause problems getting car insurance quotes etc online. What really are our options? Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4