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If you’re searching for a mortgage and you have a CCJ on your credit record, you will need a specialist mortgage advisor. You may have already been declined by a lender. Many people believe that they can’t find a mortgage because they have a history of bad credit. Whilst it can be difficult, it’s not impossible if you have the right mortgage advisor to help you.
Friends Capital have relationships with lenders of specialist mortgages. We can help you find the best mortgage deal. We will review your personal circumstances and then search the entire market to ensure you get the best mortgage rates possible. We will then deal with all the paperwork, submit your mortgage application, liaise with your mortgage lender and solicitor, and ensure that your mortgage application is completed as quickly as possible. We can:
A County Court Judgement is issued if you fail to pay money that you owe and most other reasonable avenues to recover the money – letters, defaults, late payment notices – have been ignored and exhausted. A CCJ can have serious repercussions for your mortgage chances. Many mainstream lenders refuse to give mortgages to people with a CCJ, or ones that have occurred in the past three years. However, a mortgage advisor can help find a lender that accepts a poor credit profile, and they can fill in the mortgage application for you so you have the best chance of success.
A satisfied court judgment – one which has been paid off, solved or settled – is looked on more favourably. All CCJ`s are removed from your credit file after six years, and there are plenty of lenders willing to take you on if this is the case.
In short, yes! The process is not straightforward but having a regular proven income, a clear credit history since the CCJ and the CCJ being settled or paid off gives you more of a chance. Contacting a mortgage advisor for advice on your circumstance will help you chances of securing the mortgage.
Yes. If your CCJ was longer than six years ago it will not appear on your credit file.
Generally, it is simpler to get a mortgage if your CCJ was more than three years old compared to one within the past year. Some lenders look at CCJs differently. One lender might look at only when the CCJ was issued others will focus on when it was settled or if it was settled at all.
Friends Capital have pre-existing relationships with lenders that welcome bad credit profiles, or poor credit-scores as they are known. We can search the entire market and get access to the best and most relevant deals available. We will choose the deal that is most appropriate to your personal circumstances. We can:
One of our friendly advisors will either call you back within 24 hours (usually the same working day), or will take details from you in order to best deal with your situation.
When you speak with us, we will take a ‘fact find’. At this stage we take basic details about your situation. We will then search the whole of the market and find you the best deal available.
If you are happy with the deal that we offer, we will then contact the lender for you and get you what is called a ‘decision in principal’.
If you’re happy with the decision in principal then we will secure this deal for you and deal with the application for you on your behalf.