Can I get a mortgage with CCJ's?

Getting a mortgage with County Court Judgements, CCJ's, is definately possible. However, as with defaults, a lot will depend on the date of registration and the amount. Whether the CCJ has been satisified or not is not such an issue. Some lenders may insist on satisfaction on completion of mortgage.

CCJ registered within the last 12 months

If you have a CCJ registered within the last 12 months you can expect loan to values (LTV's) to be in the region of 70 - 75%. This will depend on the amount of the CCJ, with anything over £1000 being more difficult to place with a LTV above 75%. That is to say, if you wanted to purchase a house with a value of £100000 you would have to find a deposit of at least £25000 to be considered for a mortgage of £75000.

CCJ registered over 12 months ago

If you have a CCJ registered over 12 months ago and no other credit issues things start to get a little easier. You can expect LTV's to get above 75%, especially if the CCJ registered amount is within £1000. If the CCJ was registered over 2 years ago the registered value of the CCJ becomes less of an issue with registration over 3 years ago some lenders simply ignore them meaning you may be eligible for standard mortgage terms.

What if you have other bad credit

If you have CCJ's registered within the last 24 months together with other bad credit registered on your credit report it is important you get in touch so we can start checking your eligibility for any mortgage application. It is important your application, or next application, is with the best mortgage option to dramatically increase your chances of being approved for a mortgage.

What now?

Simple, get in touch. Before you do you may want to enquire about your credit file as your mortgage adviser will more than likely ask you for it as it will form part of his research in finding your best mortgage choice. As with all mortgages there is no guarantee you will be accepted for mortgage following application but going through Lawrie Mortgages and letting us help you make the best mortgage choice will greatly increase your chances. Any successful mortgage application will rely on your own personal circumstances which will include your income and affordability as assessed by the respective lender underwriting.

0121 616 0216