Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

moving house with ccjs?

(3 Posts)
stridesy Sun 07-Jun-15 23:46:22

In 2008 my oh was made redundant and racked up about 30000 in debts and a few ccjs.
We currently live in a 2 bed flat.we are both working in ok jobs and I want to move to a small house.we paid 140000 for our property and it's worth 210000 realistic am I being?and how much capital do we need for a place worth 250000?

Rockchick1984 Mon 08-Jun-15 00:15:09

When did he finish repaying the debts? The minimum you would need to have is £25k for a £250k property but the more you have the better the interest rate would be.

Bearbehind Mon 08-Jun-15 06:20:40

The CCJ's will not show on his credit file after 6 years so if they were issued in 2008 they shouldn't be visible to a lender.

Your wording is quite vague- when you say he 'racked up about £30,000 debts' it's not clear what then happened-did he actually pay the £30k back?

If so, and if the CCJ's are over 6 years old they won't be an issue but obviously your mortgage application will be subject to the usual affordability checks.

If he didn't pay it all back then it's a whole different situation.

It is possible to get a 95% mortgage (rubbish interest rate though) so the minimum deposit you'd need is £12,500 then you'd need stamp duty, estate agent and solicitor fees, removal costs etc.

Join the discussion

Registering is free, easy, and means you can join in the discussion, watch threads, get discounts, win prizes and lots more.

Register now »

Already registered? Log in with: