Credit Score and mortgage application?

Hasbeen

IloveElephants said:

PaulW922 said:

Your previous thread on the subject went on for pages - it was moved to the motoring/parking section. I don't know why you have started another!

It was removed
Thank You

Do you mean the thread you started and is still open? You did recently reply to it. ?

https://forums.moneysavingexpert.com/discussion/6121260/i-have-received-a-letter-from-elms-legal#latest

[Deleted User]

I think most banks would say no, but they drop off after 6 years (might be 3) if that helps.

RelievedSheff

IloveElephants said:

RelievedSheff said:

As said before with 5 unstatisfied CCJ's in the last 12 months you have zero chance of getting a mortgage. You had zero chance before never mind right now with the tightened lending criteria from lenders.

You really need to tell your girlfriend about this situation instead of leading her down the garden path. As it stands you are not eligible for a mortgage and if she finds this out at a later date when your applications are being declined it will be much more difficult to explain then being upfront about the situation now.

RelievedSheff said:

As said before with 5 unstatisfied CCJ's in the last 12 months you have zero chance of getting a mortgage. You had zero chance before never mind right now with the tightened lending criteria from lenders.

You really need to tell your girlfriend about this situation instead of leading her down the garden path. As it stands you are not eligible for a mortgage and if she finds this out at a later date when your applications are being declined it will be much more difficult to explain then being upfront about the situation now.

Thank you, so what else other than this am I supposed to do? 

Wait and get your finances and credit file in order for when the CCJ's drop off your file.

[Deleted User]

From a parking point of view, get them appealed. If the appeals all succeed, you've got no further issues.

If the appeals ultimately fail and you're stuck with them, and you'll need to satisfy the lot as soon as possible once you've been advised the appeals have failed IMO.

As above, you'll then need to wait - at least 1 year from satisfying them as a ballpark figure. If you apply sooner than that, it looks like you only satisfied them to get the mortgage - whilst that's probably true, it's not the perception you want to give!

If you satisfy the lot, wait 12 months AND are prepared to pay higher rates, then you could speak to a broker (with evidence they were all parking related) and explain you didn't get the letters etc.

That's the usual excuse and doesn't usually hold much weight (even for 1 x CCJ, let alone 5 x CCJs!!), but you might get someone that's prepared to give you the benefit of the doubt if the rest of your case is good (e.g. perfect credit for both of you, big deposit, good incomes, good bank statements).

And in the meantime, you'll need to let your GF know!

jimbo6977

This is surely a lockdown windup. 

coachman12

PaulW922 said:

Your previous thread on the subject went on for pages - it was moved to the motoring/parking section. I don't know why you have started another!

I couldn't agree more. Why thread after thread on our Forums for the same CCJs for the same parking offences?????

[Deleted User]

IloveElephants said:

Somerset_La_La_La said:

From a parking point of view, get them appealed. If the appeals all succeed, you've got no further issues.

If the appeals ultimately fail and you're stuck with them, and you'll need to satisfy the lot as soon as possible once you've been advised the appeals have failed IMO.

As above, you'll then need to wait - at least 1 year from satisfying them as a ballpark figure. If you apply sooner than that, it looks like you only satisfied them to get the mortgage - whilst that's probably true, it's not the perception you want to give!

If you satisfy the lot, wait 12 months AND are prepared to pay higher rates, then you could speak to a broker (with evidence they were all parking related) and explain you didn't get the letters etc.

That's the usual excuse and doesn't usually hold much weight (even for 1 x CCJ, let alone 5 x CCJs!!), but you might get someone that's prepared to give you the benefit of the doubt if the rest of your case is good (e.g. perfect credit for both of you, big deposit, good incomes, good bank statements).

And in the meantime, you'll need to let your GF know!

Thank you for your comment, does it matter if the total is around £1,000 for all 5 ccj ? 
I want to appeal but so far the parking companies are not giving me the SAR which I requested from them

£1,000 is still a lot. 1 x £200 or whatever (most are approx £100) you can get away with. Maybe even two. But 5.... Like I said somebody may take pity on you (if they were all close together), but it's going to be very hard getting anyone to agree to 5. Until they're satisfied (or removed) I'd say you've got no hope, whatever the circumstances. If you lose the appeals and don't want to satisfy them, you'll be waiting the best part of 6 years as it'll look awful.

RelievedSheff

If the CCJ's are from 2016 then they will drop off your account in 2022 anyway which is hardly a long time to wait to make a big purchase like a house purchase. Just bide your time and let them drop off your credit file. In the meantime keep your credit file squeaky clean and in 2022 you will get a mortgage at high street rates and any outfall from coronavirus should have either sorted itself out or be well on the way to sorting itself out.

RelievedSheff

IloveElephants said:

RelievedSheff said:

If the CCJ's are from 2016 then they will drop off your account in 2022 anyway which is hardly a long time to wait to make a big purchase like a house purchase. Just bide your time and let them drop off your credit file. In the meantime keep your credit file squeaky clean and in 2022 you will get a mortgage at high street rates and any outfall from coronavirus should have either sorted itself out or be well on the way to sorting itself out.

Thanks for your positive comment, the allegation was in 2016 I should have said, excel parking said I parked in lidl and overstayed-by 20 mins on 3 occasions so I have 3 ccjs put on in 2019 and this year so they are fresh ccjs.  

Ah. That makes it slightly more complicated then.

You can try getting them set aside but I personally think that will be a road to nowhere. I would probably pay them off and satisfy them, which will look better on your credit file to potential lenders then leaving them unsatisfied. Then it is just a waiting game. Depending on the market in a few years you may be eligible for an adverse mortgage.