CJJ first time buyer mortgage advice please.

MRSB

Hi everyone,
I've been on here before and got some great advice re. getting a mortgage while my husband has a settled CCJ registered on June 2011 on his file. We will have a 25% deposit and I met with a broker today to discuss the situation.
I was really surprised when he said that we may be able to get a high street mortgage as opposed to sub or near prime if we wait to apply until the CCJ has been registered for three years? I questioned whether this is what he meant and he said it again, but I'm not sure if I must have misunderstood as I've not heard of this before and so wondered if anyone else has been advised, or knows about this please as I thought we were definitely out of the running for a high street mortgage product until the CCJ drops off my Husband's credit record?
He also said we could be looking at interest rates of as little as 3% (assuming that is with a high street lender?) which again took me back a bit as I was thinking nearer the 5 or 6% mark so I'm wondering whether this is all too good to be true given the CCJ?
The broker was independent and had a set fee but also takes commission from the lender if that makes a difference. Obviously I don't know a lot about these things and don't know whether to ask for another brokers opinion too to make sure? Do people often shop around to find a broker?
If anyone could advise please on the above that would be fantastic please.
Thanks very much in advance.

Angelinaxoxo

Hi MRSB.

Everyone's application will be looked at different however I have read time and time again on mortgage blogs and with mortgage advisers that a default which is over 3 years old might still be looked at as long as it's settled.

I don't know about CCJ's however if your account is settled and you've been running your other accounts seamlessly it may simply appear a 'bump' rather than an overall view of your credit file.

What was the CCJ for ? Was it for a bank (that doesn't ever look good!) or something else ?

I think if you aren't confident in this mortgage advisors advice you also have the option of seeking a 2nd or 3rd opinion, won't hurt to have your expectations as realistic as possible.