Right to buy...bad credit/large deposit

Jay1983111

Hello,

Just wondering if anyone has been in a similar situation or has any advice.

My credit history is not great, no big debts on their just some late payments to catalogue, one default of £25 from 5 years ago and one recent ccj for £250 that I payed a week after it was issued so I think that should technically mean it was wiped?
I've never had credit cards only phone contracts on there and the catalogue.

My flat is worth about £200,000 which I'm entitled to full discount of about 100,000.
I've got a £50,000 deposit I can put down leaving me with £50,000 mortgage.
Self employed earning roughly £25,000 before tax.

Is it even possible for me to get a mortgage?

Thanks in advance for any helpful advice.

csgohan4

Best to put your credit files in front of a broker and see if you can get a mortgage.


However bare in mind RTB does have their own issues, responsibility for all maintenance. More so as a leaseholder.




https://forums.moneysavingexpert.com/discussion/5789909

ACG

You will be able to get a Mortgage.

As has been suggested, speak to a broker. The CCJ will be the difference between normal rates and potentially higher rates, so well worth checking your credit reports.