Hello - please help. Am really worried as am trying to get a mortgage jointly with my partner, just been declined by Barclays. Deposit is £100k, house is £210k so good loan to value ratio. I have CCJ from 2009 and default account from 2009. Currently we both live in rented accomodation.
CCJ was for £273 - after this morning I realise that although was paid and balance owed is 0 - I need to get the court to apply a certificate of satisfaction. This is in progress, I double checked its all paid and it is.
Default was a credit card which i got into difficulties with as I had an outstanding balance which I had no hope of paying off as could only afford minimum payments and therefore this woudl never have been paid. To deal with this, I asked capital one to close the account so that no further interest could be accrued and made a payment arrangement with them (again in 2009 Aug). This now shows as default on my credit report. I agreed with capital one to close the account, and repaid the whole balance within one year (so by 2010 Aug) once the interest had stopped being accrued.
We have been refused a mortgage by Barclays. Please advise if you can on the liklihood of getting a mortgage with my history as above, and the loan to value ratio.
I am really worried as it looks like I cant be on the mortgage at all, and to change that in the future will cost thousands in legal fees.
Your help woudl be massively appreciated, I'm so worried about what to do.
CCJ was for £273 - after this morning I realise that although was paid and balance owed is 0 - I need to get the court to apply a certificate of satisfaction. This is in progress, I double checked its all paid and it is.
Default was a credit card which i got into difficulties with as I had an outstanding balance which I had no hope of paying off as could only afford minimum payments and therefore this woudl never have been paid. To deal with this, I asked capital one to close the account so that no further interest could be accrued and made a payment arrangement with them (again in 2009 Aug). This now shows as default on my credit report. I agreed with capital one to close the account, and repaid the whole balance within one year (so by 2010 Aug) once the interest had stopped being accrued.
We have been refused a mortgage by Barclays. Please advise if you can on the liklihood of getting a mortgage with my history as above, and the loan to value ratio.
I am really worried as it looks like I cant be on the mortgage at all, and to change that in the future will cost thousands in legal fees.
Your help woudl be massively appreciated, I'm so worried about what to do.