Soft Search - Does a CCJ show up?

Garner_gy

Hi all,

Appolgies but I am a newbie in need...

Being a typical young idiot I got credits cards when I was 18 (now 28) which all ended in disaster ... anyway defaults etc have all dropped of my report now and the only thing which is a negative factor on report is a single CCJ which is now over 5 years old and over 3 years satisfied... (I now have no loans/cards/finance)

Now older and more responsible the exciting time has come where I’m in the position where I want to buy a house and put in an application...

A broker has promised me that he can get me a 10% mortgage and Halifax (my bank) has promised me the same but just on a random offchance while my partner deposited cash as NatWest today I ended speaking to them briefly which resulted in them saying from a soft search and my basic details a 95%ltv was on the likely to be accepted...

Obviously weary as this opens up a far greater first house opportunity which I desperately want to apply for..

My question is (after searches on the net with inconclusive answers), would that soft search have found that ccj that I hold?

(I’m spectical because after getting an AIP at Barclays they said a 95% was on the cards too ...... until I told them I had a ccj and then they said it would have had to been settled over 3 years ‘at the time it wasn’t’ but there computers where all saying I could have the mortgage even though in there terms and conditions it would have been declined after being submitted to a hard search with the underwriters).

I just don’t want to throw applications in to get declined to then end up with no mortgage !

Thanks for any help,
Danny

sourcrates

It all depends on the particular lenders acceptance criteria, normally a CCJ may generate a refusal from a mainstream lender, using a broker may be a better choice, or wait until its dropped off your file, then apply.

maxximus75

Some providers will accept with a CCJ based on certain criteria.


Some will flat out refuse if a CCJ is present.


You will tend to pay a higher rate with a CCJ present and/or be approved but with a lower LTV


If you can, I would personally wait until it drops off and then apply.


Hard searches tend to dig a little deeper into your financial history.