Right to Buy Mortgage

iwantoneplease

Hi,

I have saved up 3k for a deposit on our current council house and would like some advice please.

My situation (Credit report)
The below is information from my latest credit report

Number of credit accounts (including those settled) - 14
Amount of available credit (excluding mortgages) - £949
% of your total credit being used (excluding mortgages) - 36%
Amount of outstanding debt (excluding mortgages and defaults) - £9,708
Number of accounts overdue - 0
Number of missed or late repayments in the last year - 0
Number of times your credit report has been searched in the past 3 months - 1
Number of times your report has been searched in the past year - 14 (7 searched are for companies the rest are for credit reports)
Number of public information records on your report - 1
Number of Notices of Correction on your credit report - 1 in 2006 fully satisfied
Number of aliases (other names) and/or financial associations recorded - 0
Length of time you have lived at your current address - 9 years 3 months
Are you registered on the electoral roll at your current address - Yes

Account Information

J D WILLIAMS Mail order Satisfactory £89 Balance - Limit £400
VANQUIS BANK Credit card / S... Satisfactory £412 Balance - Limit £500
SHOP DIRECT FINANC... Mail order Satisfactory £0 Balance - Limit £600
ADVANTAGE FINANCE ... Hire purchase/C... Satisfactory £9,157
The 10 other accounts are all settled and marked satisfactory

Credit score - 883


My house was valued 3 years ago for 28K,(includes full tenant discount) with the current climate this hopefully now should have dropped.

With my Credit situation where would be the best place to enquire about a mortgage?

Do I buy now and pay more interest but benefit from the current market or wait till 2012 when the CCJ has dropped off but the market value will have risen you thoughts please?

poppy10_2

With ten grand outstanding debt and a CCJ still on your file, you'll struggle to get a mortgage with a decent rate. I'd wait till the CCJ drops off, and concentrate on paying off your debt in the meantime.

iwantoneplease

9K of that is on my car I've not missed any payments for a years, my CCJ was due to my ex partner and was in both names and I've paid it off after having found out what it was. I spoke to a mortgage brooker in August last year and they seems to think that it wouldn't be too much of a problem, I just wanted an update with the current market.