Hi,
I went through a bit of a bad time a few years ago, lost my job and couldn't pay my debts. A bank took me to court and a judgment was registered against me in 2010, the judgment stated a reasonable amount which I had to pay each month and I never missed that payment.
Since then I have retrained and got a job that pays well in a booming industry, I have cleared all my debt and saved enough for a deposit in regular monthly amounts, I got a credit card which I use a lot and always pay the full balance before the due date to improve my credit score. I have checked my ICB report and it's clean as a whistle now, the debt has dropped off it. I have also checked the maximum mortgage amount I could get with my salary, it's about 33% more than I would intend to apply for. For the last year I have been conducting my financial affairs to give a really good impression to a mortgage decision maker in a bank.
So that's my background, the only fly in the ointment is that there is a default judgement next to my name and of course in a mortgage application it asks if there have been any judgments or agreements with creditors, which I would obviously want to answer honestly.
Am I a write off in current times for a mortgage or are banks understanding of things like this once a person dealt with them as best the could? Is this the kind of thing a broker would be able to spin positively on my behalf?
Thanks for your time.
I went through a bit of a bad time a few years ago, lost my job and couldn't pay my debts. A bank took me to court and a judgment was registered against me in 2010, the judgment stated a reasonable amount which I had to pay each month and I never missed that payment.
Since then I have retrained and got a job that pays well in a booming industry, I have cleared all my debt and saved enough for a deposit in regular monthly amounts, I got a credit card which I use a lot and always pay the full balance before the due date to improve my credit score. I have checked my ICB report and it's clean as a whistle now, the debt has dropped off it. I have also checked the maximum mortgage amount I could get with my salary, it's about 33% more than I would intend to apply for. For the last year I have been conducting my financial affairs to give a really good impression to a mortgage decision maker in a bank.
So that's my background, the only fly in the ointment is that there is a default judgement next to my name and of course in a mortgage application it asks if there have been any judgments or agreements with creditors, which I would obviously want to answer honestly.
Am I a write off in current times for a mortgage or are banks understanding of things like this once a person dealt with them as best the could? Is this the kind of thing a broker would be able to spin positively on my behalf?
Thanks for your time.