Mortgage advice needed please!!

jessica12_2

Hiya everyone first time posting so sorry if in the wrong section - what i want to know is can my husband get a mortgage with an unsettled ccj for £18000 (i know its a huge amount) it was from a business related project that went really wrong - the thing is they havent contacted him for ages about it so he hasnt paid it for well over a year. We really want to buy under the right to buy scheme and would need a mortgage for about £56000 he works and gets £400 after tax. Any advice would be appreciated. x

Conrad

Is that £400 per month or week?

When was ccj registered?

Price of property.

Exact type of property including structure type and roof. If a flat, which floor and how many stories?

Any council rent arrears?

jessica12_2

Thanks for replying Conrad its £400 a week the ccj i think was registered about 2 and half years ago i think, the price of property is £56000 the valuation price is £80000 and it's a 2 bed semi and no council tax arrears.

Conrad

No rent arrears I think you mean't.

In theory it might be doable with a sub prime lender, but as the ccj is huge, the underwriter will need to make a judgement call on this one. In other words, you will have to apply to know for sure.

They will want FULL details of the circumstances surrounding the ccj.
Rates from 4.8% - 13% depending on what a full application reveals.

Best of luck.