County Court Judgement (CCJ) Mortgage - Is it for you?

If you have a CCJ mortgage lenders can give you the cold shoulder, but there are lenders out there who understand and can help you find a CCJ mortgage.

Who looks for a CCJs Mortgage?

A CCJ is a judgement made against you by a County Court in respect of an unpaid debt. There are lots of reasons why people end up with CCJs against them. With increasing financial pressures including expensive property prices, rising utility bills and credit card debts, it might take just a month being off work to end up with CCJs. But there are CCJ mortgages available from financial lenders who understand ordinary people can fall into financial problems. You could be looking for a CCJ mortgage if:

You've been off work for a month or so through redundancy
You've been off work because of ill health
You've recently been through a divorce
You had unexpected bills and outgoings
You simply have made some poor financial decisions

Finding it difficult with CCJs?

Mortgage lenders can turn you away for having CCJs - CCJs give you a bad credit history and stay on your record for six years. Even once the six years is up, it still remains on your record, albeit labelled 'satisfied'. But there are lenders out there who will give you a CCJ mortgage or remortgage.

Get advice on CCJ mortgages

If you do want a mortgage but have CCJs, you should turn to a financial company that specialises in CCJ mortgage advice and other bad credit mortgages. In most cases, these specialist mortgage consultants can help people who are trying to obtain a mortgage with CCJs. Specialist mortgage brokers have a good knowledge of the lenders who do offer CCJ mortgages and can steer you through the CCJ mortgage market to find a solution that's right for you.

Not a reflection on you

Lots of lenders are not willing to do deals with people looking for a CCJ mortgage because they are seen as a big risk. But if you can prove you can afford your repayments, you could get a CCJ mortgage from specialist lenders at a slightly higher interest rate. Remember that CCJs are no reflection on the individual who has been in an unfortunate financial situation. It's important however if you do opt for a CCJ mortgage that you keep up with your repayments. Some lenders see CCJ mortgages as the last throw of the dice and if you don't maintain mortgage repayments, it will be even harder to find a mainstream mortgage lender in the future.

Homebank have qualified mortgage consultants ready to advise you on all your mortgage and insurance needs. For informative and insightful advice about the CCJ mortgage market, call us to arrange a no obligation appointment to suit you. Homebank are the 'people's mortgage broker' with over 3500 general mortgage products to choose from with a number suitable for those with CCJs, including products that are not readily available on the High Street. Homebank's experienced consultants could find the ideal product for you - call Homebank now on freephone 0800 052 3604.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

Homebank Financial Services Limited is an appointed representative of The Willow Tree Management Company UK Ltd which is authorised and regulated by the Financial Services Authority.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
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