I have a CCJ on my credit file.

Posted on 29 May 2012 by Kate

Hi - I have a CCJ on my credit file but want to buy a house - could my parents get the mortgage, name me on it, I will make the payments and then transfer to me in 6 years when the CCJ has been removed?


Your parents can buy you a property to live in and there is nothing then to stop you from making the mortgage repayments.  However, your parents will have to be able to afford the mortgage based on their own earned/retirement income and a deposit of around 25% of the purchase price will be required.  Lenders will not take your income into account if you are not named on the mortgage and with a recent CCJ you are unlikely to be able to get one.

If the CCJ was the result of a dispute and you have the documents to back this up it might be possible to get a lender to look at an application in your own name.  This will depend on you having an otherwise unchequered credit record, stable employment, sufficient earned income to afford the mortgage payments and showing that the circumstances that led to the CCJ are not going to be repeated.

It will be a long shot and there are no guarantees that we can find you a mortgage, but I believe you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to assess your situation and advise you further.


Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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