Nationwide 90% Mortgage with 5-year-old CCJ

Louis_16v

We got our mortgage with Nationwide last year and had near identical circumstances.
90%, ccj 5.5 years old around £500.
Went with a broker and had no issues whatsoever.
Contrary to the above advice I was told that Nationwide conduct a hard search at DIP stage.
This was last August and things have obviously changed now but fingers crossed for you!

FirstTimeBuyer28

Louis_16v said:

We got our mortgage with Nationwide last year and had near identical circumstances.
90%, ccj 5.5 years old around £500.
Went with a broker and had no issues whatsoever.
Contrary to the above advice I was told that Nationwide conduct a hard search at DIP stage.
This was last August and things have obviously changed now but fingers crossed for you!

Thank you so much for your reassuring response. It has calmed my nerves to see that in ‘normal’ circumstances, we would be ok. I suppose it is a case of waiting (and seeing whatever comes first: 6 years up on the CCJ or normality in the banking/lending world!).

Thank you for taking the time to comment on this thread. It really has reassured me!

FirstTimeBuyer28

RelievedSheff said:

FirstTimeBuyer28 said:

robynjur1108 said:

Have you tried getting a mortgage in principle?

Me and my partner could not get an agreement in principle with them due to our credit score. We have excellent credit history's and no negative points on our files and according to Experian credit scores of 900+. We have an income of 60,000 a year and the mortgage was for 90,000.
My mortgage advisor will not be putting any more applications through nationwide, as she believes if mine can't be approved no ones will. 

Hi

We applied on Friday 24th July for a mortgage in principle. Had a text saying it have been approved and to continue our application by uploading documentation (payslips and bank statements from past 3 months). We were told that our application was now with the underwriter and will take a further 3-4 working days to come back. Fast forward to this morning and I check my equifax for the first time and I see the unpaid CCJ. Our equifax accounts havent been 'checked' yet (no evidence of hard search) so I am anxious that when they see the CCJ they will decline- especially if you are being declined with no CCJ and a much better credit score than me! Partner and I are in similar position regarding joint income.

Thank you for letting me know about your experience with Nationwide. Although I know I should just wait for them to get back to us, I feel better preparing for a rejection and planning what to do from there on.

Thanks for replying and have a lovely evening

That is good to hear that you passed the DIP stage. They do a soft search at that stage I believe so will have seen the CCJ on there.

We will be in a similar situation at the beginning of next year when we remortgage in April. I will have a satisfied CCJ for £279 that will fall off my credit file in July 2021. Other than that there will (all being well between now and then) be no other adverse credit on either of our credit files. So we are hoping that a mainstream lender like Nationwide might take on our case and get us away from the eye watering rate we are on with Kensington at the moment.

From the lovely and helpful comments I have been receiving, you should be fine once normality has come back (April giving you a lot of time for that to happen, plus your CCJ is three figures, satisfied and by then will be 5.9 years past judgment date!). I will keep my fingers crossed for you! Good luck  

MovingForwards

Think there will be a few of us celebrating next year when our CCJs drop off 😉