How much time needs to pass between my CCJ and securing a first time buyer mortgage?
SimplyFinance Answers is a great place to start your research, but it is not a substitute for personalised, professional
advice. Please review our Terms of Use or Sign Up to ask a question or comment on an existing question. If you would
like to speak to an expert directly, use our Adviser Search to find an adviser in your area and contact them directly through SimplyFinance.
nandoDave
1 year ago
Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
There is no one single answer to this question as all lenders will operate different criteria but a good rule is at least 1 year but some lenders insist on 3 years and that the CCJ must have been satisfied.
it would make sense to have a chat with an IFA who might be willing to give you some initial assistance so that you can plan a realistic schedule towards your first home.
adverse events like CCJs or missed payments will have a much larger bearing when the amount of deposit you are putting down is relatively small (nowadays you would need more than 10% to counteract the existance of negative bureau data)
report abuse
it would make sense to have a chat with an IFA who might be willing to give you some initial assistance so that you can plan a realistic schedule towards your first home.
adverse events like CCJs or missed payments will have a much larger bearing when the amount of deposit you are putting down is relatively small (nowadays you would need more than 10% to counteract the existance of negative bureau data)
