Skip to content

Avatar
Log In
Please consider registering
Guest
Forum Scope


Match



Forum Options



Min search length: 3 characters / Max search length: 84 characters
Register Lost password?
sp_TopicIcon
Mortgage after paying all CCJ's in full
Avatar
Ym
1 Posts
(Offline)
1
06/01/2021 - 3:15 pm

I am looking to get a Right to Buy Mortgage with my husband. The property is worth £340 - £360k but with all discounts etc we would need to borrow £205 - £225k.

I have good credit. I have a car payment which ends in November and a small balance on my 0% credit card (which I'm able to pay in full if necessary).

Problem is my husband has 3 CCJ's. Long story but they're 4/5 years old, at an old address he hasn't lived at in 6/7 years and caused by someone else. We've made the decision to pay these off in full in the next few days - to repair his file. However we are unsure of how this will influence our ability to get a Right to Buy Mortgage and/or the rate.

We both earn well and jointly own a Ltd company in its 6th year of business, is profitable and growing year on year.

Any advice or knowledge on how the above will affect us and how to overcome any obstacles would be greatly received.

Avatar
Hayley@simplyadverse
161 Posts
(Offline)
2
06/01/2021 - 3:16 pm

Hi,

Given the information shared, I think you can expect to achieve very competitive mortgage terms.

Lenders are currently very sensitive on self employed applications due to the nature of the current climate

Well worth you getting your last couple of years Tax Computations from your accountant in advance.

Best of luck

Forum Timezone: Europe/London
All RSSShow Stats
Administrators:
admin
Paul Carmen
SabinaC
Moderators:
Adam@SimplyAdverse
Sarah@SimplyAdverse
David@SimplyAdverse
Liam@SimplyLending
Hayley@simplyadverse
Top Posters:
jrlsmc890: 12
beepboopbeep: 12
Allison79mw: 11
walt46: 11
ashley_987: 10
Redpanther89: 9
nursek: 9
Fiona951753: 7
RussH: 6
ERG005: 6
Newest Members:
vdareblue
Danawes
SrejdnMag
Davidsek
PatriotQuada
pereezdGak
RobertBeato
AnthonyNes
Michaelbit
FrancisNoify
Forum Stats:
Groups: 1
Forums: 12
Topics: 165
Posts: 581

 

Member Stats:
Guest Posters: 0
Members: 1210
Moderators: 5
Admins: 3
Most Users Ever Online: 207
Currently Online:
Guest(s) 8
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.95 Average - Based on 3296 Reviews

Your home may be repossessed if you do not keep up repayments on your mortgage.