Debt Consolidation Help

Posts Tagged ‘Remortgage’

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My house is currently worth £85,000. I am aware it would be worth substantialy more if certain work was done. As the house was in poor condition when I bought it & needed more doing to it than originally anticipated I ended up securing a loan on the property as well as taking out a personal loan to do up the house which I manage perfectly well to pay each month. Even so, there is still alot that needs be done & I have run out of funds. I am considering remortgaging to complete the work but if I was to do this I would think it sensible to clear my outstanding debts at the same time & at my houses current value it wouldnt be possible to do both.
Is it possible for me to get a valuation of my property based on what it would be worth if I do the work needed & remortgage based on that valuation so that I could then afford to do it?

My partner & I have recently seperated. The house is in my name but we have a joint secured loan & a personal loan. He is refusing to move out until I either sell or remortgage to clear the loans as niether of us would be able to pay them alone & I dont want to have them over my head (especially the secured) whilst Im living in the house.Im fine with this for now but Im unclear of which I should do. Do I remortgage & end up with a hefty mortgage repayment & him with no debts (the secured loan was originally for him to clear his previous debts & he has always paid this himself) or do I sell? Selling & moving out wouldnt bother me but the house needed alot of work doing to it & Im right in the middle of it at the moment so I dont think It would be worth enough to cover everything & it could take months which means him living with me all that time too, Ive even considered them quick sale companies Im so confused & desperate!! Any suggestions?