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mortgage application help??
BranstonPickle92
Posts: 18 Forumite
I went to see a mortgage adviser at the bank this morning, me and my mum are buying a house to get me on the property ladder as she now owns her house out-right
My side of the application as fine and we have 20% deposit, which they were fine with.
BUT, my mum had a CCJ against her aboout 12 or 13 years ago, to which they declined the application straight away. Its not on her credit rating anymore so should it really make a difference? were they right to take that into account when it was so long ago?
And if not, what can i do as they are adamant they wont give me a mortgage when her name is on it - i also work for this company so i dont want to have to go elsewhere as i get a VERY preferential rate with them.
Any advice will be much appreciated.
Thanks
My side of the application as fine and we have 20% deposit, which they were fine with.
BUT, my mum had a CCJ against her aboout 12 or 13 years ago, to which they declined the application straight away. Its not on her credit rating anymore so should it really make a difference? were they right to take that into account when it was so long ago?
And if not, what can i do as they are adamant they wont give me a mortgage when her name is on it - i also work for this company so i dont want to have to go elsewhere as i get a VERY preferential rate with them.
Any advice will be much appreciated.
Thanks
0
Comments
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What else is on her credit file?
I suspect this is not about an ancient CCJ.
What's the loan to value etc?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Nothing else at all, it was my dads fault she had a CCJ anyway, everything else was fine on hers and iv build up a good credit rating. the guy said to me, that is the only reason, it gets automatically declined if anyone has ever had a CCJ no matter how old - the deposit was 20% so the LTV is obviously 80% (its technically 79% though)0
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Which lender and which version of her credit file do you have?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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