CCJ Mortgage
It is still possible to be accepted for a mortgage if you have a CCJ (County Court Judgment), as there are many mortgage lenders who specialist in helping those with a poor credit rating and offer products such as a CCJ Mortgage.
As you will be deemed as a higher lending risk by the mortgage lender, you should be aware that you are more likely to be paying a higher interest rate than normal.
With a CCJ mortgage you should be aware of the how long the redemption penalties will last, as you will probably want to remortgage in the future when the CCJ has gone from your credit file, and you don’t want to be unable to switch lenders for several years without paying a large fee.
If you are looking for a CCJ remortgage, then you might want to put this off until the CCJ is no longer on your record and you can show that you are responsible at handling credit, meaning that you are more likely to get accepted for a mortgage deal through a High Street lender.
Ask Us Your Question
Whatever your financial concerns - we are here to help. Use this form to tell us about your issue and one of our advisors will call or email you back.
Protecting Your Privacy
Your privacy is important to us. Your details will be kept strictly confidential and used only for the purposes of answering your enquiry. By submitting your details, you're accepting our Privacy Policy.