Mortgage with CCJ

christhesparky_2

Before I get all the remarks about the current credit situation, I am asking for some advice from the many helpful mortgage brokers/financial advisors on this forum.

I am a first time buyer, currently have 1 CCJ (satisfied) no other debt, and I have found a house I am interested in.

Current earnings 32k

Looking at a property valued at 120k, able to get 5% deposit (kind parents)

Is there anywhere that would consider me for a mortgage?

Thanks

_Andy_

Hi Chris

When was the CCJ registered, when was it satisfied, and for how much>

Cheers

christhesparky_2

ccj was £1200 registered late 2006, satisfied jan 2008

christhesparky_2

Any thoughts people?

_Andy_

Possibly Abbey (and I stress possibly). Can't think of any other lenders at 95% LTV I'm afraid.

Conrad

Sorry Chris, not in the new lending enviroment. I think at the very least 10% deposit.

Lenders want only prime risks now, there simply is no market for higher risks apart from a handfull of lenders which require large depsoits and charge high rates.

christhesparky_2

Thanks for the replies, guess i will leave it a while and build some savings up then!