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  • FIRST POST
    • topgun928
    • By topgun928 15th Mar 17, 9:36 PM
    • 3Posts
    • 0Thanks
    topgun928
    Get a Mortgage with CCJs??
    • #1
    • 15th Mar 17, 9:36 PM
    Get a Mortgage with CCJs?? 15th Mar 17 at 9:36 PM
    I have 3 CCJs which are 5 years old that occurred during my divorce. The CCJs relate to a property that was awarded by the court to my ex-wife.

    What are the chances for getting a mortgage with 3 CCJs?
    I have been told that i have no chance of getting a mortgage if i have any CCJs.
    I only have a £10K deposit.
Page 1
    • glosoli
    • By glosoli 15th Mar 17, 9:38 PM
    • 463 Posts
    • 266 Thanks
    glosoli
    • #2
    • 15th Mar 17, 9:38 PM
    • #2
    • 15th Mar 17, 9:38 PM
    More information required:

    1) What purchase price are you looking at?

    2) What is your income?

    3) How much were the CCJ's for? Are they fully paid? What has your account conduct been like since?

    4) What debts do you have currently?

    5) What is your age / what term are you looking for?

    6) Are you applying on your own or jointly?
    • ACG
    • By ACG 15th Mar 17, 9:40 PM
    • 14,883 Posts
    • 7,487 Thanks
    ACG
    • #3
    • 15th Mar 17, 9:40 PM
    • #3
    • 15th Mar 17, 9:40 PM
    With a 15% deposit I would be pretty confident, anything less than that and it would come down to the finer details.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • topgun928
    • By topgun928 16th Mar 17, 10:35 PM
    • 3 Posts
    • 0 Thanks
    topgun928
    • #4
    • 16th Mar 17, 10:35 PM
    • #4
    • 16th Mar 17, 10:35 PM
    Hi Glosoli,

    1) What purchase price are you looking at?
    Looking at £200,000

    2) What is your income?
    £59,000

    3) How much were the CCJ's for? Are they fully paid? What has your account conduct been like since?
    CCJs for Service changes.
    July 2011 - £722
    Jan 2012 - £703
    Aug 2012 - £1,411

    Only noticed the CCJs recently after a Credit Report.
    There had been late payments during the same time (going through divorce). Since that time all clear.

    4) What debts do you have currently?
    None

    5) What is your age / what term are you looking for?
    50years old. Looking 20 year term.

    6) Are you applying on your own or jointly?
    applying on my own.
    • Thrugelmir
    • By Thrugelmir 16th Mar 17, 10:56 PM
    • 53,722 Posts
    • 46,498 Thanks
    Thrugelmir
    • #5
    • 16th Mar 17, 10:56 PM
    • #5
    • 16th Mar 17, 10:56 PM
    Only noticed the CCJs recently after a Credit Report.
    Originally posted by topgun928
    You would have received court papers at the time. The debts one assumes are unpaid/recently settled if you weren't aware of their existance.
    “ “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Marks Templeton
    • amnblog
    • By amnblog 17th Mar 17, 1:24 PM
    • 9,389 Posts
    • 3,618 Thanks
    amnblog
    • #6
    • 17th Mar 17, 1:24 PM
    • #6
    • 17th Mar 17, 1:24 PM
    Sounds to me like these CCJs have only just been satisfied, or have not been satisfied - is that the case?
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • ap1985
    • By ap1985 17th Mar 17, 3:45 PM
    • 323 Posts
    • 128 Thanks
    ap1985
    • #7
    • 17th Mar 17, 3:45 PM
    • #7
    • 17th Mar 17, 3:45 PM
    I guess the CCJs would fall off your credit file in a year so can't you wait to build up your credit report again and then apply for a mortgage. Or you may need a big deposit.
    Finally going to be a homeowner
    • topgun928
    • By topgun928 23rd Mar 17, 11:33 PM
    • 3 Posts
    • 0 Thanks
    topgun928
    • #8
    • 23rd Mar 17, 11:33 PM
    • #8
    • 23rd Mar 17, 11:33 PM
    Thank you all for your advise.
    • David White
    • By David White 24th Mar 17, 9:29 AM
    • 806 Posts
    • 343 Thanks
    David White
    • #9
    • 24th Mar 17, 9:29 AM
    • #9
    • 24th Mar 17, 9:29 AM
    A mortgage should be possible with a 15% deposit, potentially 10% if there's no recent issues at all.

    I'd let a broker take a look at your credit report so that they can make a proper assessment.
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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