Remortgage

stellalad

Has the market gotten extremely tighter or what? Bar a CCJ for £1000 from 2010 that was settled a back in 2011 my credit file is decent, no missed payments in 5 years. A lot of settled accounts, and have a large amount of credit available. I was assured by my financial advisor that there would be a mortgage product available to me now its bitten me in the !!!! and have been declined. I am looking to deposit 40% and obtain a mortgage for £108,000. My salary is £69,000 per annum so Id have thought there wouldn't be any hassle. I had an offer for my house and am in a right mess now as I have paid out on fees for selling the house

kingstreet

So this is a purchase, not a remortgage, as you are moving?

60% LTV would normally be straightforward. Is the CCJ satisfied? Who was the creditor?

Do you have all three versions of your credit file, to ensure there is nothing you aren't aware of?

To whom was the application submitted which was declined?

stellalad

kingstreet wrote: »

So this is a purchase, not a remortgage, as you are moving?

60% LTV would normally be straightforward. Is the CCJ satisfied? Who was the creditor?

Do you have all three versions of your credit file, to ensure there is nothing you aren't aware of?

To whom was the application submitted which was declined?

Its a home move my bad, the CCJ was satisfied back in 2011, Ive looked at noddle, experian and equifax and the 3 of them are the same. No missed payments in the last 5 year low usage of my credit and never been overdrawn with the bank. When declined from Nat West they had stated it was because of adverse information which points to this CCJ

Dave_Ham

A CCJ is a significant negative on a credit file, although does have less impact once settled and with time.


There will almost still be a home for this, but likely to need an experienced broker


All the best

kingstreet

stellalad wrote: »

Its a home move my bad, the CCJ was satisfied back in 2011, Ive looked at noddle, experian and equifax and the 3 of them are the same. No missed payments in the last 5 year low usage of my credit and never been overdrawn with the bank. When declined from Nat West they had stated it was because of adverse information which points to this CCJ

Who took the legal action which resulted in the CCJ? Hopefully not a RBS Group member.

As DH said, I think there's a home for this. What made your current broker choose NatWest?

You may find a "financial advisor" is not the right place for specialist advice. Ask your broker to look again, or appoint someone who will place the case properly and not just throw mud at the wall and hope it sticks.

stellalad

Mangaged to get a mortgage on a fixed rate of 3.5% for 2 years with a new broker. Suits me as after which time(2 years) the CCJ will have dropped off and I can move onto a more favourable rate.