Mortgage with a CCJ?

[Trackdayer]

We sold a house 2 years ago and moved into rented, for a variety of reasons.

We're now looking to buy again, with a 25% deposit. I've just learned the other half, in her infinite wisdom, ignored a bill for £200 and now has a CCJ as a result of it. It's now "settled". Her credit is otherwise good. My credit is excellent as I have a radical policy of paying my bills on time and not ignoring red letters.

So, what are our chances of getting another mortgage?

Is a CCJ a blanked no from most lenders?

[dalenorth]

Give Sarnie a shout on here. He’s a wizard on mortgages

[Mr Whippy]

Is “has had a CCJ” and “have a CCJ” different things?

My sister in law was receiving benefits for a time and was over paid. She was asked for a large lump sum back which she couldn’t afford so received a CCJ.
It caused problems with a mortgage.

However her CCJ was outstanding at the time due to debt owed.

I thought spent CCJs were different.

Obviously getting a CCJ can result from no serious error or in your own part, or from clear flouting of financial sensibilities.


No real help of course, but I’m sure mortgage providers would look a little more in depth at this.

[Trackdayer]

The court issues the CCJ a couple of years ago, she paid it immediately and it's now listed as "settled"

[Sarnie]

Will it be an issue for most lenders? Yes. How much so, will depend on the details as a whole.

Will it stop you buying a house? No.

Edited by Sarnie on Thursday 20th May 11:44

[Trackdayer]

Sarnie said:

Yes, it be an issue for most lenders? Yes. How much so, will depend on the details as a whole.

Will it stop you buying a house? No.

Thankyou

I'm guessing that means they'll just want a bigger deposit (not a problem) and probably put us on a higher rate.

[Sarnie]

Trackdayer said:

Thankyou

I'm guessing that means they'll just want a bigger deposit (not a problem) and probably put us on a higher rate.

I didn't say that

[ReverendCounter]

Sarnie said:

Trackdayer said:

Thankyou

I'm guessing that means they'll just want a bigger deposit (not a problem) and probably put us on a higher rate.

I didn't say that

What he means is, he knows more than you, he's not prepared to share what he knows is the likely outcome and he's enjoying keeping you in the dark and he's indicating that by using the smiley.

[Trackdayer]

Lovely.

[ReverendCounter]

Trackdayer said:

Lovely.

Hopefully someone else will be able to give advice.

[Big Pants]

The advice you need was in the second post on this thread.

[Trackdayer]

ReverendCounter said:

Hopefully someone else will be able to give advice.

Fingers crossed. It's a fairly simple question. Hopefully somebody can give me a straightforward answer.

[Groat]

Does this help?

https://www.google.com/search?q=can+I+get+a+mortga...

[Mr Pointy]

Trackdayer said:

ReverendCounter said:

Hopefully someone else will be able to give advice.

Fingers crossed. It's a fairly simple question. Hopefully somebody can give me a straightforward answer.

Sarnie's arranged loads of mortgages for PHers & consistently gets very positive recommendations. Get off your high horse & ask him a sensible question & if you're lucky he'll answer it.

[craigjm]

ReverendCounter said:

Sarnie said:

Trackdayer said:

Thankyou

I'm guessing that means they'll just want a bigger deposit (not a problem) and probably put us on a higher rate.

I didn't say that

What he means is, he knows more than you, he's not prepared to share what he knows is the likely outcome and he's enjoying keeping you in the dark and he's indicating that by using the smiley.

No, what he means is that it wont mean a bigger deposit or a higher rate because, in reality, what it will really do is just make the pool or potential offers smaller.

[Trackdayer]

Mr Pointy said:

Sarnie's arranged loads of mortgages for PHers & consistently gets very positive recommendations. Get off your high horse & ask him a sensible question & if you're lucky he'll answer it.

What part of my original post is not a sensible question?

Sorry but I've been very straight to the point. I don't appreciate condescending remarks.

[TonyRPH]

Trackdayer said:

What part of my original post is not a sensible question?

Sorry but I've been very straight to the point. I don't appreciate condescending remarks.

I didn't read Sarnie's remarks as condescending.

I suggest you climb down off your high horse and speak to him. He's a very helpful bloke.

I also note he posted a smiley face after his second comment - which to me suggested he was in a position to help you.

Take his advice.

[Trackdayer]

I don't think expecting straight answers to straight questions puts me on a high horse.

I asked nicely.

[eltawater]

Trackdayer said:

I don't think expecting straight answers to straight questions puts me on a high horse.

I asked nicely.

What we're all trying to tell you is that you're asking a very generic question about what your chances are.

No one is going to be able to give you a reliable answer without going through your specific circumstances and looking at the options on the market available to you based on both your personal credit histories and profiles as real people, not as a username on a forum.

So what we're all trying to tell you, very nicely, is that you need to contact and engage with a mortgage broker like Sarnie directly off the forum who can then spend the time giving you a proper assessment of what your chances are. Forum rules mean that Sarnie can't advertise / tout for work on the forum, so you need to approach him based on our recommendations.

Hope that helps

[Crudeoink]

Generally something like this doesn't mean you need to have a higher deposit, it will just limit the number of lenders that will consider you (i.e 20/100 won't like a CCJ). This might mean that you miss out on the most competitive rates, but engaging with an expert like Sarnie will get you the best product.