We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First time buyers - help needed!
Mister_Cee
Posts: 10 Forumite
Hi
My girlfriend and I are first time buyers and will soon be starting to search for our first house, once we have saved some more pennies; we are currently at around £10,000.
Unfortunately we found out last year, through Experian, that my girlfriend has a CCJ on file (dated 02/09/2009) that she was unaware of to the amount of £496. This was immediateley paid in full as we didn't want it to affect our borrowing. The satisfaction date, according to Experian, is 04/04/2011.
I am just wanting to know how this is going to affect us when it comes to getting a mortgage and also if this is now going to affect the amount we will be able to borrow?
If someone could give me a rough idea of how much we would be likely to borrow; we have a joint income of approx £35,000 pa and if they recommend that we save more money for a deposit (I had about 20K in mind).
Sorry for asking so many questions I just simply do not know how these things work.
Any advice would be much appreciated.
Cheers
Chris
My girlfriend and I are first time buyers and will soon be starting to search for our first house, once we have saved some more pennies; we are currently at around £10,000.
Unfortunately we found out last year, through Experian, that my girlfriend has a CCJ on file (dated 02/09/2009) that she was unaware of to the amount of £496. This was immediateley paid in full as we didn't want it to affect our borrowing. The satisfaction date, according to Experian, is 04/04/2011.
I am just wanting to know how this is going to affect us when it comes to getting a mortgage and also if this is now going to affect the amount we will be able to borrow?
If someone could give me a rough idea of how much we would be likely to borrow; we have a joint income of approx £35,000 pa and if they recommend that we save more money for a deposit (I had about 20K in mind).
Sorry for asking so many questions I just simply do not know how these things work.
Any advice would be much appreciated.
Cheers
Chris
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards