Will I get a HSBC mortgage with satisfied CCJ?

danlilley2000

My agreement in principle was declined, with HSBC, looking into my credit file, I have a CCJ from 2012, which is now satisfied, but not showing as satisfied on my credit report. Once I have my credit report updated, i know the CCJ will remain on my file as satisfied, Some banks will still offer a mortgage if the cci is not too recent & satisfied, some apparently allow 2 or 3 if they are old. Does anyone know about HSBC ?
Any feedback appreciated

betmunch

Cant say for sure, but HSBC are known for being one of the most picky lenders out there so I highly doubt it.


If you are in a rush I would cut your losses.


If you have time send the proof of payment and see what they say

danlilley2000

thanks, I was going to get my credit report updated before going back to them.

ACG

It all comes down to your cirucmstances.
If you have one CCJ for £250 and a 50% deposit then I would say you stand a pretty good chance. If you have a £10,000 CCJ and a 10% deposit then I would say probably not.

Other things get taken into account also - any other arrears, what credit you have, what you use, your income, your expenditure etc etc.

If I was a better man, I would say do not hold your breath. The difference between satisfied and not can be significant, but you would have recently satisfied it. From an underwriters perspective you have satisfied a debt to get a mortgage, not because it is the right thing to do...

I am not judging btw, just giving you an example of how some underwriters would view it from experience of working at a bank.

edhed148

Joining this thread.

I recently discovered that I have a CCJ that I did not know about. It's 2 and a half years old and satisfied. I'm disputing this in court BUT I might like to switch to a new provider in the meantime.

Nationwide rejected me for a new mortgage. They are my existing provder. If I pay off the CCJ early repayment fee, would HSBC accept me? Would I pass their check? I passed the 'soft check' but they haven't run a full credit check yet.

I have a 50% deposit. The CCJ was for 1800.

Thesimdude

Hi.

Short answer - No.

Long answer - maybe. Have a full copy of your experian credit report ready to send to underwriters and be prepared for a bit of a wait. So long as it's satisfied and repaid they probably will approve.

TheSimDude