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HELP!!! Applying for mortgages with CCJ still being paid off...

welshlass111
welshlass111 Posts: 28 Forumite
in Mortgages & endowments
Hi everyone,

I'm seeking advice about mortgages - I am looking to get a 97 or 95% mortgage at the moment and have some bad credit still on my credit file - it is all in hand with the CCCS but unfortunately one of my creditors did manage to get a CCJ against me before I took up my account with the CCCS - it is in the process of being paid off now though - but might take a while and will show up when a credit check is done by the lender - would this be a huge problem with getting a mortgage? Just how flexible are lenders these days?

Since the CCJ in 2004 I have been paying off all my debts with CCCS, taken out no more credit and have saved a deposit of over 5% towards a mortgage - in other words, I have learned my lesson!!!

I have not yet approached a financial advisor/broker but I wondered whether anyone on here has managed to obtain a fairly decent rate on their mortgage with bad credit history - and does anyone know who are the best lenders to approach in such a situation?

Thanks for any help given!!!

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    What amounts do you have outstanding on debts?
    How much do you want to borrow?
    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.
  • welshlass111
    welshlass111 Posts: 28 Forumite
    I have £20k outstanding from £29k and I guess I want to borrow around £90 - £100k.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Sorry - forgot to ask what your income was
    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.
  • welshlass111
    welshlass111 Posts: 28 Forumite
    Oh yes that would help wouldn't it, sorry - its £26500
  • welshlass111
    welshlass111 Posts: 28 Forumite
    Oh yes that would help wouldn't it, sorry - its £26500
This discussion has been closed.
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