mortgages

christhesparky_2

Just a quick query, some time in the new year i will be looking for a mortgage, i am wondering if i could expect to get a 100% mortgage,
heres the but,
My credit history is less than perfect,

i have 4 satisfied defaults and 1 satisfied ccj

any advice welcome

thanks

homer_j_3

how much were defaults and ccjs and when were they satisfied?

christhesparky_2

defaults were couple of hundred each satisfied 2-3 years ago, ccj £1200 settled last month !
probably wil not require mortgage until middle of next year when i see what happens to the housing market

A_Nice_Englishman

If you can pay £2500 this month to repay your Black Horse debt, can you continue to save £2500 a month for another 6 months? In that case you will have £15000 in th bank and won't need a 100% mortgage.

This will lessen the chance of going into negative equity if property prices fall and should enable you to get better mortgage terms. I'd do this if you possibly can.

poppy10_2

No chance mate, even ppl with spotless credit history are finding it hard to get 100% mortgages these days.

Try saving up for a deposit.

nippey2

my last CCJ ( i had 2) came off my credit report back in June 2006 and now im applying for a mortgage advisor says some banks look for adverse credit history back 3 years!! Is this right?

I thought i would be finally clear of this ball and chain!!

Please help!!