Mortgage with CCJ

Lessbutbetter

I have a CCJ which is for £600 which will fall off in January 2016, in just under two years time. I have ok credit and have 3 CC's which I've used sensibly with no problems. I have no loans apart from student loan. Wife isn't working and looks after our young daughter. I'm 33 and earn 45k a year along with an extra 15k from other work.

Would ideally like a mortgage for 150k. We live in West Yorkshire.
Would be interested in speaking with a broker to figure this out.

Any comments welcome.

Thank you

Jabberwk

When I phoned London & Country (the broker recommended elsewhere on this site) they were really helpful with discussing what on my credit file might or might not affect applications, and what I might be able to do to help smooth the application. It doesn't cost anything to discuss it with them. I don't have anything as serious as a CCJ on my file, but I expect they're used to dealing with such questions. I'd suggest calling them.

Road_Hog

Have you paid off the CCJ?

Lessbutbetter

The CCJ is unpaid. Would it greatly help if it was paid?

rpc

Lessbutbetter wrote: »

The CCJ is unpaid. Would it greatly help if it was paid?

Yes. It can then get marked as satisfied on your credit record.

You earn £60k a year and can't afford to pay off a £600 CCJ?

Lessbutbetter

Having a mortgage and ensuring my credit report is in good order has not been top priority to be honest. I've only thought of this since the start of the year.

Plus i didn't say i couldn't.

kingstreet

The date of registration is probably more important than the date of satisfaction but you will find some lenders will assume you only satisfy the CCJ because you now want a mortgage.

A decent time between settlement and mortgage application would have helped in some cases.

What you don't mention is your deposit. If you want 95% you have little chance. Below 85% your chances will improve. With 25% deposit and a loan to value of under 75% you'll have several lenders to choose from.

Either way, a whole market broker is your best route for advice. Obtain all three versions of your credit file, then make contact. Ask friends and relatives for a recommendation.

thequant

Lessbutbetter wrote: »

The CCJ is unpaid. Would it greatly help if it was paid?

Unbelievable!

Lessbutbetter

Did not think of that one but it does make sense regarding time between app and settlement.

I should be able to raise 25k as a deposit which might make things smoother. Part of this would be gifted though and i'm not sure how this works?

Lessbutbetter

thequant wrote: »

Unbelievable!

Still the same moaners on this site then...haha

Conrad

Lessbutbetter wrote: »

Still the same moaners on this site then...haha

I think this is about the fact most of us abide by our promises to pay and understand a civilised society is only possible where we all trust one another's motives and propensity to stick to a promise.


When someone comes along that doesn't feel this same sense of dignity to do the right thing and play by the rules it does grate a bit.


If we all made promises which we didn't keep we'd be living in chaos.