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Getting a mortgage with a settled CCJ

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TWNK wrote: »
    It was Chelsea BS, we are now considering using a broker. Think the CCJ was for around £4000
    I am worried that even if the CCJ is off the reports they can still ask if you have ever had 1.

    So the default was for mortgage arrears?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TWNK wrote: »
    He always paid on time but if they show up as in default I presume these payments will be considered in the scoring for 6 years then?

    Yes. Lenders are supplied with datasets of 6 years historic information. From the datasets lenders run algorithms to score potential applicants for the product which they are applying for.

    Each type of "default" is registered in a different way. To reflect the severity of the issue.
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