Can I get a mortgage with a satisfied CCJ
Our Mortgage Service if you have had previous CCJs
Special features of what we offer include:
Whole of market service - we work with UK lenders who will consider previous satisfied CCJs and other credit issues
Access to leading market mortgage rates
Access to exclusive loan deals not available on high street
Fast turnaround - speak to us today if you need to move quickly
Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
To investigate your mortgage options if you had previous credit issues call our mortgage team on 0117 403 4474 or fill in our call back form.
"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support.
As your mortgage is such an important transaction, good advice is imperative.
Mortgages if you have had a previous satisfied CCJ
If you have an adverse credit history, you may be worried if you will be able to get a mortgage because of defaults, County Court Judgements (CCJS) or other previous issues with borrowing on your credit file. However getting a mortgage with a satisfied CCJ is not impossible and there are numerous other factors which will also affect your mortgage availability.
The size of the CCJ and how long ago will affect how much of it a lender will take. The date it was satisfied is also important; CCJs that were satisfied over six years ago are removed from your credit history. While a CCJ is a relatively severe credit issue, if you can illustrate that you subsequently took control of your finances and have not had any problems with credit since then your options for securing a cheaper mortgage will become more varied as lenders are more likely to consider you a responsible borrower.
While there are more options for residential bad credit mortgages it is not impossible to secure a buy to let mortgage if you have previous credit issues.
If you have other credit history problems this will also decrease your mortgage options. Generally speaking mortgages are available on a sliding scale, with the cheapest mortgages available to those with excellent credit histories as they pose the lowest risk to lenders.
There are a variety of mortgages that might be available to a borrower who has CCJs or a bankruptcy on their file, however as lending to these types of applicants can pose a higher risk the interest payments on these kinds of mortgages can be considerably more expensive than what would be available to someone who has never had any major issues with credit. These mortgages may also have a more restricted affordability criteria than mortgages available to borrowers with better credit scores.
Being able to put down a larger deposit on a mortgage will also expand the amount of mortgages available to you as well as decreasing your interest rate size.
Whatever your credit score currently is, you could benefit from consulting an independent mortgage adviser before trying to secure home finance. An FCA approved professional intermediary will not only be able to give you impartial advice about mortgages, they can also use their expert knowledge of the whole of the market to search out the best mortgage products available that fit your specific criteria and help you through the application.
There are also a range of non-high street lenders who offer specialist mortgages one of which might be the right product for you; these providers however can only be applied for through a professional intermediary.
If you want to find out if Fair Mortgages could help you get a mortgage you can call us directly on: 0117 403 4474 ,alternatively you can fill in our online contact form to request a call back from a Fair Mortgages advisor who can offer you a free initial consultation about mortgages.
Our dedicated whole of market mortgage team can help you to locate the right mortgage deal for you.