FTB mortgage + CCJ London

King_Henryviii

Hi all, hoping for some advice as to how likely I am to get a mortgage with the below circumstances.

I have a CCJ registered in 2015 and settled 10 months later. The amount was 2.8k. (In case it matters, it was a debt from uni which I forgot about, built up interest for a few years, then I only found out about it when checking credit file. Papers were sent to a wrong address. My fault, and it's settled now.)

Now I have;
overdraft (not used)
Credit card (balance paid in full each month)
Salary gross 70k (42k base, 28k shares(vest twice yearly))
No credit other credit issues for the past few years. I had some defaults dating back 4-5 years ago, all settled.

Obviously a bit of a checkered past but I'm aiming to get on the housing ladder towards the end of the year, where I will have a deposit of roughly 20-25k. I want to use htb equity loan 40%.

Appreciate any advice. Thank you.

King_Henryviii

Thanks for your response!

Would you have a view on the level of deposit I could get? e.g. do you think my history would preclude me from a 5-10% mortgage?

1 bed new builds in London are around 300-350k at the moment but would consider a studio if my history means I need a 15%+ mortgage

Thanks for your help

csgohan4

King_Henryviii wrote: »

Thanks for your response!

Would you have a view on the level of deposit I could get? e.g. do you think my history would preclude me from a 5-10% mortgage?

1 bed new builds in London are around 300-350k at the moment but would consider a studio if my history means I need a 15%+ mortgage

Thanks for your help

In order to match your history to the best lender/product you will need a broker. We are unable to give you specific details and lenders.

King_Henryviii

Strange, the other guy's response disappeared and makes it look like I was talking to myself