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Halifax fixed rate coming to an end - will we have any say on new deal with very poor credit history

(6 Posts)
shamefulx Wed 26-Aug-09 14:23:34

We`ve never missed a mortgage payment and our 5 year fixed is coming to an end.
I am totally irresponsible with money and have several defaults on 3 credit cards.
I can afford my payments but - well i wont go into it but always paid my mortgage and council tax and energy bills .
I`d like a further advance of about 40,000-10 to clear my credit cards and 30, 000 for a small extension ?
Shoukd i just wait 6 years for the lot to clear off my history or would the bank advance me the loan which i can afford but my credit check will be dire ? Cheers x

shamefulx Wed 26-Aug-09 14:24:23

Yes i know i should just apply but i just hate rejection !

skihorse Wed 26-Aug-09 15:11:26

It's very unlikely that they'll advance any more money given the fact you already have defaults - their reasoning is likely to be that if you can't make regular payments on the cards - you'd be unlikely to make the increased mortgage payment.

shamefulx Wed 26-Aug-09 20:51:54

Yes but we already made increased payments for 5 years and have lots of disposable income ?

pregnantpeppa Wed 26-Aug-09 20:58:30

They might not credit check you if you stay with your existing lender - worth checking to see.

shamefulx Thu 27-Aug-09 17:55:14

Will do that would be great .Thanks

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