can I get a mortgage with CCJ

MARKBLACK

Hi just a couple of things bothering me - we had to remortgage in 2006 due to miss sell of endowment mortgage 18 years ago, we also had a couple of debts and had people chasing us for money. We had loan we couldn’t pay (with the nationwide BS) We tried hard to pay everything back. We had a mortgage for £10:000, to pay everything off we remortgaged £46:000 (because of the CCJ we had to use a broker)
Anyway we paid everything off and then asked the courts for a certificate of satisfaction this was in 2006. Now we want to move house, hence get another mortgage but really don’t know where to start (The CCJ isn’t going to help us) we haven’t done any research yet so would appreciate any advice.

_Andy_

How much deposit will you have and what kind of property values are you looking at?

How much was the CCJ for originally?

Conrad

Possible Mark, if you borrow under 80%, although under 70% will give you more rates from which to chose.

Your age?

MARKBLACK

I'm 49 partner 45
We have a small terrace – the Markets not good for sellers so it could go two ways we could come out evens or even have £30:000 to put down. We have only just started to think of moving it’s early days and with work both of us haven’t really had to time to fully talk about moving. (plus we are not young)
We are wanting to acquire a mortgage for around £150:000. I’m just putting the feelers out at the moment – but will eventually move sooner than later. My partner just wants to find out if we can get a mortgage. And has left me today to make appointments today.

The CCJ was for £9:000

StuTheDon

Mark - unless you can find a minimum of £30k as a deposit I think you are really oing to struggle to be honest. That is assuming a mortgage of £150k.

You might try to find a whole of market broker to help, but you may only get a mortgage with a very high interest rate.

MARKBLACK

Hi again I've been in touch with the HSBC and I have an appointment next week, to be honest going to a bank with CCJ, I feel I will be wasting my time but Ive had my orders. - time will tell.

_Andy_

Mark - with the CCJ you're probably wasting your time with HSBC.
Can I suggest you save yourself some time and just ring up and ask for a mortgage approval in principle? This will take c.20 minutes and you'll find out straight away - 0800 494 999.

I would imagine it will be a straight decline though.

MARKBLACK

Hi _Andy_
can you just explain what a mortgage approval in principle is?? and the number you have given who will be on the other end - am I right to think it's the HSBC? Also what info do I need (at hand) when I ring.

_Andy_

Mark - it's a soft credit search and will go through income etc to let you know if they can lend and how much.
Name/address/DOB/income/employment/outgoings etc.

MARKBLACK

Hi I’ve been very busy with one thing and another.
Anyway just thought I’d let you know how things are going (since taking advice here)
We have spoken to an adviser who visited our home – he started off saying there’s been a big change in who will lend and who won’t – he asked us to get in contact with Experian to check-out how our credit is looking, which we are in the process of doing. He hasn’t said whether or not he can sort a mortgage but has given hope. We are now in the process of getting our present home ready for sale (skips/tips/second-hand shops - I’ve never seen so much junk)
We now need to know what is meant by sellers charging 1:5% and how to calculate these amounts.
Lets say you were selling a property for £50:000 and seller charges 1:5% - is this £50:000 X 1:5% which would be £750 is this correct.
MARKBLACK