Can I get a mortgage with 3 yr old CCJ's

[Mccorms]

Hi all

 

I have never posted before so please bare with me if this is the wrong thread. You all seem so knowledgeable so I was wondering if any of you can give me your advise or opinions on the chances of getting a mortgage with CCJ's. The debts are pretty old about 3/4 years but we never actually paid them off, naughty I know but at the time we just moved and kept a low profile. Now we are both in work and earning a good wage, hubby earns 29K a year and i earn 18k He has a bank account and a credit card which are not in any kind of default but because my debt was the worse I didn't get another bank account so haven't got anything in my name, I should mention the debt was in my maiden name not my married name. I am on the electoral roll but he is not. Whats the chance of getting a mortgage these days with this kind of history?

 

any opinions much appreciated. ;-)

[ukaviator]

Hello and welcome to CAG.

 

There are plenty of Mortgage companies out there willling to lend people with a not so great Credit history. These are called sub prime lenders, and you will normally pay a higher interest rate with them.

 

In your case, i would get a financial / mortgage adviser to go through the forms with you, and get him / her to analyse your income and expenditure, to get a better idea of what to expect. They normally do this for free, in the initial stages, but will charge a few hundred pounds if they get the mortgage suitable to you. Try and stay away from companies like the Kensington and GMAC, they can be very awkward to deal with if you have problems in the future. There are probably others to watch out for, i'm sure someone else will give you some details.

 

Hope this helps

 

Uk

[Stornoway]

I can recommend a good broker - Lisa Fallows at [email protected]

 

I had a number of defaults but no CCJ however they sorted me a deal with GMAC at 1% over base rate.