If you have a CCJ registered against you, you may struggle to get a mortgage from high street lenders, however we have a specialist panel of mortgage lenders that can help.
Our experienced team of mortgage advisers can help clients that have bad credit registered against them such as missed payments, defaults or County Court Judgements.
County Court Judgements otherwise known as CCJ's, this is where a finance company or other body has registered a claim against you in the county court, because of non-payment, this can be you individually or as a company.
CCJs can be very detrimental to you, especially when it comes to your whole credit experience, you may have problems opening bank accounts, applying for credit cards, loans and HP finance and especially mortgages with your typical high street bank.
Getting a mortgage with a CCJ
There are specialist mortgage lenders who offer their products through mortgage brokers that can help. This may not be as straight forward as some may think, but it is possible. You should speak with a broker that has experience in helping clients find a mortgage where they have bad credit such as a CCJ registered against them.
So, can I get a mortgage with a CCJ?
Yes, it is possible to still obtain a mortgage, even if you have a CCJ's on your credit file. However, it does depend upon many factors such as:
- The lender will want to know how long ago the CCJ's were registered. Usually, if it they are quite old and below a certain amount, specialist CCJ lenders may dis- regards this information.
- If any CCJ have been marked as "satisfied", on your credit file, your chances will be greater, as the lenders will see that you have made the effort to pay them off. A "satisfied" CCJ means exactly that, that you have settled the outstanding charges and the CCJ has been resolved. It will still take 6 years to be removed from your credit profile, and you may find that you have to explain as to what happened, that resulted in the CCJ's. Some lenders prefer 12 months to 24 months to have passed when the account/s were settled, but others may be more lenient with your application, as they specialise with these issues and a specialist mortgage broker such as The Moneyhub Limited will be able to advise you accordingly.
- The number of CCJ's could also be an issue if they are considered to be excessive, or if the amount of the CCJ's registered against you is very high, this may effect your mortgage chances. High Street lenders are less likely to take the risk, but specialist bad credit mortgage lenders could help.
- If you are looking to purchase a property and have CCJ's registered, you may have to have a larger deposit, but again this may vary due to the factors listed above.
How would I know if I have a CCJ?
If you have been making credit applications and have been finding that you are getting declined, it might be because you have a CCJ against your name. It may be that you’ve moved address and this was registered without your knowledge. To be certain, you can check on credit reference agencies Experian and Equifax. There is also another method of checking this information and it is called the Register of Judgements, Orders and Fines and you can request a CCJ check against your name; it is maintained by the The Registry Trust, on behalf of The Ministry of Justice, there is a small fee for all these services, and they are available to search online.
Bad Credit Mortgages
As an independent mortgage broker, we will provide you with impartial advice and we understand how to help clients that have had bad credit registered in the past such as a CCJ. We have specialist experienced Mortgage advisors waiting to do the hard work for you with each individual application, being processed specifically for your circumstances, making the process of applying for a mortgage stress free.
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