Mortgage with old default and CCJ

PaulSimons91

Hi everyone,

Just trying to get some advice. I have been looking online but can't really find useful information.

Basically after mismanaging debt stupidly when young I am left with 4 defaults that are 4 and a half years old and 2 ccj's (one for 2000 FEB 2021 and one for 1300 MAR 2021).

I am fortunate to be recieving inheritance which I will use to satisfy the ccj's ( I am also getting advice if I can claim to have them set aside as I wasn't living in the country at the time and they were judgements in default)

My partner has a good credit history with a salary of 20000 and my salary is 40000

The deposit I have is around 60000-70000 if needs be.

We're probably going to look for a house mid way through next year.

Does anyone believe I will be able to obtain a mortgage in my situation.

Thanks in advance! 

md64

Look at Kent reliance. As long as the CCJ is settled over 12 months you should be fine. Your best meeting a broker too, good luck 

ACG

Maybe dont limit yourself to just one lender. 

But all things being equal, you should have options. 

K_S

PaulSimons91 said:

Hi everyone,

Just trying to get some advice. I have been looking online but can't really find useful information.

Basically after mismanaging debt stupidly when young I am left with 4 defaults that are 4 and a half years old and 2 ccj's (one for 2000 FEB 2021 and one for 1300 MAR 2021).

I am fortunate to be recieving inheritance which I will use to satisfy the ccj's ( I am also getting advice if I can claim to have them set aside as I wasn't living in the country at the time and they were judgements in default)

My partner has a good credit history with a salary of 20000 and my salary is 40000

The deposit I have is around 60000-70000 if needs be.

We're probably going to look for a house mid way through next year.

Does anyone believe I will be able to obtain a mortgage in my situation.

Thanks in advance! 

@paulsimons91 By mid next year it'll be 2 satisfied CCJs that are 2+ years old and a 60-70k deposit, which is likely to mean you're likely to be looking at around 80% LTV minimum given your combined income.

Based only on that very limited set of information, and assuming the lending environment is similar to today (that's a big assumption!) you should have a few specialist options at the very least though it's not going to be mainstream rates.