Advice: CCJ/DMP/Mortgage

Spudge

Is it possible?

My partner owns a property which we rent out currently due to the fact it is too small for us. We are putting it up for sale this month. He managed to culminate £30k of debt of which we are now paying off through a DMP. He managed to get a CCJ from one of his debts and a charging order against the property. Once it's sold the majortiy, if not all the equity will go to this creditor. This will then rid him of the CCJ.

My questions to you are:

1) How long after CCJ has been cleared will it remain on his record/credit file? Will he always have to declare this CCJ even years later?

2) How long after the DMP will it be before he could have good 'credit' rating again or will the fact he has been on a DMP damage him for life?

3) The liklihood of a mortgage. I am currently on a part-time wage as we have young chlidren, I don't earn a great deal. Will it be likley we'll be able to get a morttgage in the future after his DMP? A deposit won't be a problem, I am concerned about the probablity he'll ever be approved for another?

One option I had thought of is that once I return to a full time wage (hopefully about 28k) that I could get a shared ownership mortgage with a view to buy the rented part back and add him onto it. Is this naive? Or will be able to apply in the future?

Thanks in advance for any help.

A fretting Mum,

:money:

Spudge

I see about here on the forum that a period of 6 years is mentioned quite a lot. Is thie six years from one, the beginning of the DMP two, the date of the CCJ being given or the date it's been cleared or three ( I really hope not) 6 years from the date the DMP is cleared....

Jowo_2

These questions are better asked on the Debt Free wanabee board. I know they are related to concerns over housing but ultimately these are about debts and credit records and the members there may be more knowledgeable.