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mortgage with a ccj

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darcyvuqua
darcyvuqua Posts: 2,459 Forumite
in Mortgages & endowments
hey guys i know that this has been asked loads of times but this is my situation i have a ccj for £100 from 2005 satisfied around 6 months ago i want a mortgage for 93000 i have around a 9000 mark for a deposit seen the house i would like but not sure how to go about a mortgage with such a low deposit and a ccj on my file help would be great!
you cant change yesterday
but you can make tomorrow better

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    What was the CCJ for?
    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.
  • darcyvuqua
    darcyvuqua Posts: 2,459 Forumite
    bloody dvla non payment of road tax after i sold the car!!
    you cant change yesterday
    but you can make tomorrow better
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    well you will defintely need a 10% deposit

    What is your income?

    Do you have any other debts in the background?

    Are you a first time buyer?

    The CCJ does not help - however the fact it is for such a small amount will make it easier for a broker to get it agreed with high street lenders.

    I would suggest looking for a whole of market adviser to help you with this, and not get fobbed off by someone telling you up front that you need specialist adverse credit brokers or lenders

    A good broker will discuss your case at the outset with lenders, to make sure that they will be happy with the scnenario, before making the application
    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.
  • darcyvuqua
    darcyvuqua Posts: 2,459 Forumite
    income of 29000 pa
    no other outstanding debts little bit on a catalogue (£125)
    yes first time buyer!

    im in the army so i would like a mortgage as the 2 kids hopefully 3 asap (then thats it!!) i would love to provide them a stable living arrangement apposed to moving every 3 years!
    you cant change yesterday
    but you can make tomorrow better
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    This does look straight forward then, as the affordability appears to be there.

    Again I would look to use a broker, fee free if you want, in order to get you the best deal, but also to make sure that you do not go applying to the lenders that will decline your mortgage application due to the CCJ.

    This is where a broker's knowledge comes to the fore, in seeing if you can avoid the higher interest rates for adverse credit and looking to place you with a high street lender with decent rates!
    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.
  • darcyvuqua
    darcyvuqua Posts: 2,459 Forumite
    cool i will go down the brokers path do you think it would be best to deal with them face to face or do it on the internet?
    im saying face to face but i work strange hours! will have to book a day off work i think thanks herbiejp
    you cant change yesterday
    but you can make tomorrow better
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    You dont have to go face to face if it doesn't suit your lifestyle/needs

    Plenty brokers work over the phone/internet - in fact the majority of my work is done that way now - answering emails at the strangest of times!

    Although I do like to get out and about when I can
    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.
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