Our current mortgage deal will run out in July. Now obviously with lots of lenders removing adverse credit deals it has get me slightly concerned regarding searching for a new mortgage.

I had a CCJ for 5K that has been satisfied for 3 years and i wonder what are my chances of now getting a mainstream mortgage again? Never missed a payment on my current deal that has almost ran its course of 3 years.

Also we would like to try to raise extra funds for some essential home improvements. We owe 65k with the property worth 100k. Just wondering how much addtional funding we may be able to raise? We would ideally like to raise 15k but are unsure with credit ratings etc if its possible. We both earn a joint salary of 48k.

Any help please?

Hi...you would still be at 80% loan to value so it is not impossible. High Street lenders will look at CCJ's over 3 years old sympathetically although the amount may have some bearing. Abbey would be the best bet for acceptance and you could use them as a yard stick??

---

Regards

Ian