best mortgage Rate for someone with CCJ

[m3sye]

My X business partner is looking for a mortgage on a property.

The only problem is he has a CCJ, what is the best rate he can expect to get on the market today.

The property is valued at £150k and he needs a mortgage of £112500.

Ideally over 30 years.

Thx

[jamesuk28]

I doubt he would even get one in this climate, but its going to be very high.

[m3sye]

He has had offers at 7.9 and has today found one for 6.6% which I think is pretty dam good considering..

[M400 NBL]

m3sye said:

He has had offers at 7.9 and has today found one for 6.6% which I think is pretty dam good considering..

Any fee or long tie in?

I haven't checked recently but my mortgage rate is 6.09% with much less risk. Sounds pretty good considering.

I assume he earns a decent wage to be borrowing that much?

[m3sye]

im not sure what his finances are now but I believe he is getting a self cert... 6.95% is what my broker pal has just come back to him with..

That seems ok in his situation...

[Simpo Two]

Maybe he should have used some of this spare money to pay off his debts and not get a CCJ in the first place?

[playerone]

Simpo Two said:

Maybe he should have used some of this spare money to pay off his debts and not get a CCJ in the first place?

Just because someone has a CCJ doesn't mean they are presently in debt Mr Judgmental.

[m3sye]

Simpo Two said:

Maybe he should have used some of this spare money to pay off his debts and not get a CCJ in the first place?

Dont you just love how people have to come into a thread for purely the reason to have a go, His CCJ was actually from a dispute with a tennant in property of his (gas) and also something else commercial.

[ukvoyager.info]

Simpo Two said:

Maybe he should have used some of this spare money to pay off his debts and not get a CCJ in the first place?

[M400 NBL]

Simpo Two said:

Maybe he should have used some of this spare money to pay off his debts and not get a CCJ in the first place?

But that wasn't the question he asked.

[gtr-gaz]

m3sye said:

Simpo Two said:

Maybe he should have used some of this spare money to pay off his debts and not get a CCJ in the first place?

Dont you just love how people have to come into a thread for purely the reason to have a go, His CCJ was actually from a dispute with a tennant in property of his (gas) and also something else commercial.

Well off topic, I know but, I'd be interested to hear how a dispute with a tennant over a gas bill could result in a CCJ against your business partner. Sounds bizarre (if I may be so bold!)