We specialise in getting a mortgage with CCJ’s and know the lenders that will help you.
Understanding what lenders want to know if you have a County Court Judgement (CCJ) on your credit profile is key to a successful mortgage application. Thanks to Adverse Mortgage Advisors’ experience and understanding of the process, we can help match you with the right lender for your circumstances.
The information here explains how a CCJ can affect your chances and the things that can impact getting your mortgage application accepted.
A County Court Judgement is a court order to repay a debt and can mean that there are different criteria for a successful application, having a larger deposit for instance.
Lenders will look at your unique circumstances, such as what the CCJ’s for and how old it is, but don’t worry, we don’t get discouraged if we come up against a rejection, we will just try another lender that has different criteria.
Our mortgage advisors understand which lender might be willing to offer you a mortgage based on your personal circumstances.
CCJs stay on your credit report for six years unless you repay it within 30 days of the judgement being made against you. If you satisfy the CCJ within this 30-day period you can apply to have it removed, otherwise the CCJ will remain on your credit profile. Removal of a CCJ won’t remove any defaults or records of arrears that led to the CCJ.
If the CCJ has been paid off, lenders will still have to consider other criteria before accepting your application. They’ll also be interested in the circumstances surrounding your CCJ.
For example, they’ll look at how recent and what the CCJ was for, when it was settled, any other credit problems you’ve had and your current financial circumstances.
If the CCJ was issued over two years ago, you’re more likely to get a mortgage with a lower deposit if everything else on your application is satisfactory to the lenders’ criteria. You’ll also require less deposit the older the CCJ is. If the CCJ has been paid, you might only need a 15% deposit. Whereas if a CCJ is unpaid, a larger deposit will likely be required.
For some lenders, the date the CCJ was satisfied is also important. Some won’t require settlement at all for a CCJ mortgage, whereas others require it to have been settled for at least 36 months.
If you have questions about getting a mortgage with an adverse credit score, read our FAQs. Our wealth of knowledge within this market means that we’re confident in our ability to offer specialist mortgage advice and secure the mortgage you want regardless of your credit history.
Yes, you can get a mortgage with a County Court Judgment (CCJ).
However, it is likely to be more difficult. CCJs will affect your credit score & make lenders cautious. Still, there are many lenders who specialise in lending to people with bad credit, including those with CCJs. These lenders may be more willing to consider your application, especially if the CCJ is satisfied, or older & for a smaller amount.
To improve your chances, try to pay off the CCJ if possible, satisfying your CCJ will boost your credit score, save for a larger deposit, and seek advice.
As specialists in this area, Adverse Mortgage Advisors can help you the right lender for your circumstances.
Yes, a County Court Judgment (CCJ) can affect your ability to get a mortgage.
Lenders check your credit history, and having CCJ’s recorded against you may make them hesitant to lend to you. While it's still possible to get a mortgage with a CCJ there will be less lenders that will consider your application.
There are lenders that specialise in lending to people with bad credit, including those with CCJs, but you might face higher interest rates.
To improve your chances of securing a mortgage, try to repay the CCJ as this will boost your credit score. Focus on making payments on time, reducing your debts, and correcting any errors on your credit report.
Work closely with a Bad Credit Mortgage advisor to get help in understanding your credit report, your starting position and find out how to correct any errors. They will also help you to find the right lender that will consider your situation.
Yes, if your County Court Judgment (CCJ) is satisfied, meaning you've paid the debt, it will help your chances of getting a mortgage.
Lenders might still consider it, but a satisfied CCJ shows you've dealt with the debt responsibly.
There are many lenders that specialise in lending to people with bad credit, including those with satisfied CCJs.
You can improve your chances by improving your credit score, speak to one of our bad credit mortgage specialists to find out what you need to do, and they can provide advice on the best lenders who would be willing to work with your situation.
To improve your chances of getting a mortgage after a County Court Judgment (CCJ), follow these steps:
Taking these steps and seeking professional advice, can improve your chances of getting a mortgage after a CCJ.
The short answer is YES, however there are lots of factors that will determine the level of deposit required to support your mortgage application, and the interest rate you will be charged by the bank or lender that makes them feel comfortable against the risk.
The main things to consider are as follows:
A specialist lender, who will likely charge a higher interest rate, will ignore a CCJ and defaults that have been registered for over 36 months (3 years) even if they have not been satisfied.
The older the CCJ or default, the more lenders you will have available to apply for a mortgage with.
High Street lenders (like building society’s and banks) will give lower interest if the CCJ or default been satisfied (repaid) for over 36 months.
How much does a CCJ affect my credit score? On average a borrower’s credit score can go up by as much as 200 points by satisfying a CCJ or default.
The amount the CCJ or default that was recorded against you and the higher the balance will reduce the number of lenders that will consider your application unless they have been satisfied for 36 months. The tolerance that most mainstream lenders will have generally ranges between £250 to £500. If you have a CCJ or default that is more than this, it doesn’t mean a mortgage is not possible. However, it is likely that you will need a larger deposit and can expect to pay higher interest rates.
How many CCJ’s can you have? It doesn’t matter however, the number of CCJ’s or defaults that have been recorded against you will reduce the number of lenders that will consider your mortgage, especially if they are all recorded against you within the last 36 months.
Lenders will all have their own unique criteria around CCJ’s and defaults and will also have different tolerance levels around the number that they will consider recorded against you. The more CCJ’s and defaults that you have had recorded against you, especially within the past 36 months, will directly affect the amount of deposit you will likely have to put down to support your mortgage application and the interest rate which will be made available to you.
The type of CCJ that has been recorded against you will also determine which lenders can consider your application. For example, if you have just one CCJ for a parking offence then it would be looked upon differently then if you had a CCJ recorded against you for not paying a financial commitment such as credit cards, hire purchases or personal loans.
Just like with CCJ’s the type of default that has been recorded against you will be viewed differently by lenders. For example, defaults for communication (mobile phones & broadband) and utility (household bills such as gas, electricity and water) will be viewed differently to defaults that have been recorded against you for credit card, personal loan & car hire purchase agreements.
