How much time needs to pass between my CCJ and securing a first time buyer mortgage?

Asked by Dave Gerber

1 Answer

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Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
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) | 12.07.10 @ 13:13
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$commenter.renderDisplayableName() — {comment} | 08.23.17 @ 10:05
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Answered by

Darren Smith
Darren Smith, IFA in Basingstoke, HAMPSHIRE

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