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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
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