ReMortgage with CCJ

warpfraser85

Hi all. 

Desperately looking for advice. I’m in the market for a remortgage for my help to buy home. 

Issue is; I have an unpaid CCJ (£580)on file. Back story;

Store card taken out in 2004. Not paid off. My fault completely. 

DCA in 2009 contacted me and I paid partial amount on understanding this was the end of the matter forever. Didn’t keep any evidence like a fool. 

Bought house in 2017. Registered on electral role straight away but (I think) because house was brand new it didn’t work. Did again 6 months later and it worked. 

During that time the a CCJ was registered against me (old address) for the debt I partially paid off. I can’t prove I paid it and agreed to to pay 50% to satisfy the debt. The solicitor mislead me and didn’t tell me it would remain on file as unsatisfied as full payment not made. 

I was on fixed rate and no need for loans so hasn’t really been an issue. 

I now have 1 year until ccj drops off file. My rate of interest is now high and I’m struggling with variable rate mortgage payments. No one seems to be able to get a remortgage for me due to ccj. 

I can pay £280 to satisfy the ccj - although this solicitor has lied before, so worried I’m just wasting £280. 

Should I pay it? Will this give me a better chance of securing a remortgage? Or should I just suck it up for another 12
months. 
Thanks 

simon_or

Can't you switch to a new fix and stay with your current bank? That'll be better than the variable rate.

If it's a bad credit bank then you could get a 2 year fix and move to a high street bank when the fix ends and your credit report is all clean.

warpfraser85

Tried and few times and they won’t. Really frustrating. Credit score is 997 too.

simon_or

What bank is this and what reason are they giving? Are you simply switching to a few fix or trying to pay off your help to buy loan as well? If you're trying to increase your loan then I can see why you're not able to pick a new fix with you current bank.

It doesn't make any sense that you aren't able to remortgage simply because of one 5 year old CCJ for £280.

I've had plenty of experience with bad credit (in a much better place now!) and there are almost always banks willing to lend if you tick their boxes.

Have you spoken to a broker at all?

warpfraser85

Precise mortgages. Wife had a few late payments hence not a high street bank at the time. No issues now. 

They don’t give a reason, just say tough luck in a polite way. 

Local brokers said I can’t get a HTB mortgage with the unpaid CCJ. 

Don’t want to increase. Just fix rate 

Could you recommend a specialist broker?