Mortgage with CCJ 2015

You may receive a County Court Judgment if someone takes court action against you,saying you owe them money, and you don’t respond. If you receive a Judgment this usually means that the Court has concluded that you owe the other party the money.

Unless you pay the agreed amount within a month then the Judgment could stay on record for up to six years. This will have an adverse effect on your ability to secure a mortgage.

Typically, lenders will not approve a mortgage if the applicant has a negative credit rating or a County Court Judgment.

At Fair Mortgages, we specialise in arranging financial solutions for borrowers with a County Court Judgment that is hindering their ability to get a mortgage.

Unlike traditional lenders who will take a formulaic approach to a borrower’s application, private lenders look at each application individually and focus on whether the applicant can afford the mortgage repayments.

Our CCJ Mortgage Service

Our independent mortgage broker service offers:

• Access to the whole market – we can compare most UK lenders who will deal with bad credit ratings.
• Credit repair mortgages – we can source mortgages that will provide the money you need and help you rebuild your credit rating.
• Finance within a short period of time – contact us today and we can secure the funding you need swiftly.
• Financial solutions for raising additional funding on top of an existing mortgage – If you have an existing mortgage that does not cater for your needs, we can help.

Mortgages from Private Lenders

With a mortgage from a private lender, you will be able to borrow a set amount of finance and make monthly repayments over an agreed period of time.

The major difference between a private lender mortgage and a traditional mortgage is the size of the deposit. To secure a mortgage with a private lender you will be expected to provide a deposit of at least 25% of the property value.

Before a private lender grants a mortgage, they will usually require:

• Proof of income: A number of pay slips will be requested
• Bank statements: You will need to provide a certain amount of bank statements to prove you can afford the monthly repayments.
• Three years' accounts: If you are self-employed, private lenders will request at least three years’ worth of accounts.

How to get a Mortgage from a Private Lender

If you have a County Court Judgment but need a mortgage, call our mortgage team on 0117 313 7780 to discuss your situation or use our Callback form.