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Mortgage with settled CCJ's - Any advice?
40notout
Posts: 1 Newbie
Hi,
I am new here but hope someone could possibly offer any experience.
Husband and I are looking to move house. Details as follows:
Current Property value 165k
O/s Mort 125k
New Property value 220k
Deposit 40k
Joint Income £63500 (both employed)
Current Credit Card debt £10k (being paid down £1k pm)
Unsecured Loan £4350 (3 yrs to run)
Now, on paper that looks ok, but I have 2 settled CCJ's, both for under £250 and both issued over 2 years ago. No other defaults or missed payments or anything and I am so annoyed about these CCJ's, but hey-ho, I guess that is a life-lesson learned.
My question to anyone out there that knows is - Do you think it is possible for us to get a mortgage for the new property? Either from a HS bank or and adverse lender?
Any advice is most-gratefully received.
Thanks
I am new here but hope someone could possibly offer any experience.
Husband and I are looking to move house. Details as follows:
Current Property value 165k
O/s Mort 125k
New Property value 220k
Deposit 40k
Joint Income £63500 (both employed)
Current Credit Card debt £10k (being paid down £1k pm)
Unsecured Loan £4350 (3 yrs to run)
Now, on paper that looks ok, but I have 2 settled CCJ's, both for under £250 and both issued over 2 years ago. No other defaults or missed payments or anything and I am so annoyed about these CCJ's, but hey-ho, I guess that is a life-lesson learned.
My question to anyone out there that knows is - Do you think it is possible for us to get a mortgage for the new property? Either from a HS bank or and adverse lender?
Any advice is most-gratefully received.
Thanks
0
Comments
-
Hi and welcome.
The credit issues can certainly be mitigated, will depend upon recent conduct (missed payments etc.) and incomes.
A decent broker should potentially get you this at fairly standard rates, but unlikely to be highstreet lender.
Worthwhile getting your Experian, Equifax and Call Credit files to ascertain exact position.
All the bestI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Why not eradicate your debt with your savings?
Would be a major step in repairing your credit record.0
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