How likely are we to get a Mortgage??

ViHan

I am Self employed with a year's accounts..
Dh is an Agency Class 1 driver

We had debts which we paid off in 2006, there will be CCJ's on our credit file :cool:

We had a mortgage from 1997 - 99 which we did not default on. The credit problems came post mortgage.

We are desperate to move - any experts out there can tell us our chances???

Thanks

herbiesjp

What purchase price are you looking at?

What deposit do you have?

What was your NET profit?
What is DH gross yearly earnings?

When were the CCJs first registered?

ViHan

Cor flippin heck! That was quick!!!:D

right erm,...

We would look at around 120k. This is flexible, I have seen nice houses where we would want for around 100k here (South Yorks)

Have got (at the moment) access to 6k for a deposit

net profit.... erm .. without digging through accounts off the top of my head I have made about 7k since january

Dh brings home an average monthly wage of £1200

CCJ's were first registered about 2001 I think....

ViHan

I must be a hopeless case then!!

arkie

You will need a bigger deposit , maybe 10% or depending on your credit files a 15-20% deposit.
Get a copy of your credit file before anything else and see what 'bad credit ' is showing

ViHan

Thanks for that, Arkie. We are saving like crackers at the moment!

happybroker

Once you have obtained your credit search if you post what ccj's, defaults etc you have we will be able to let you know how much saving you will need to do.

ViHan

Thanks for that, HappyBroker. We are ebaying and car booting and all sorts!!