15 Defaults and 1 CCJ - How can I increase my likelihood of getting a mortgage in 3 years?

Futurenurse99

I plan to pay the defaults and CCJ by the end of this year - My boyfriend and I aim to buy our first home in 3 years time with a 60k deposit and both of our incomes being 25000 each. Have I got no chance in getting a mortgage in 3 years? What can I do to increase my chances in getting a mortgage? My credit score is extremely low and his is perfect.

cymruchris

You've got two different threads running covering the same sort of topic - as they are related - you might want to keep both topics together?

cymruchris

https://forums.moneysavingexpert.com/discussion/6247532/where-can-i-get-1-to-1-advise-on-increasing-credit-score-in-my-situation#latest

ACG

Speak to a broker. 
If the defaults are over 2 years old and you have a 20% deposit, there should be options. 
If they are over 3 years old you would get away with a 15% deposit.

But in 3 years time, we might be in a different position, things could be better or worse depending on how the economy is going. Try to get to 15% deposit and then review it when you are there. You may be able to buy a lot sooner than 3 years from now. 

Futurenurse99

ACG said:

Speak to a broker. 
If the defaults are over 2 years old and you have a 20% deposit, there should be options. 
If they are over 3 years old you would get away with a 15% deposit.

But in 3 years time, we might be in a different position, things could be better or worse depending on how the economy is going. Try to get to 15% deposit and then review it when you are there. You may be able to buy a lot sooner than 3 years from now. 

Thank you for your response! I will try and find a broker who can assist me. 

RelievedSheff

Futurenurse99 said:

ACG said:

Speak to a broker. 
If the defaults are over 2 years old and you have a 20% deposit, there should be options. 
If they are over 3 years old you would get away with a 15% deposit.

But in 3 years time, we might be in a different position, things could be better or worse depending on how the economy is going. Try to get to 15% deposit and then review it when you are there. You may be able to buy a lot sooner than 3 years from now. 

Thank you for your response! I will try and find a broker who can assist me. 

ACG is a broker.