I have an unsatisfied County Court Judgement (CCJ) will I be able to get a mortgage?
I have an unsatisfied County Court Judgement (CCJ) will I be able to get a mortgage?
If you’ve got a CCJ (County Court Judgement) that is either satisfied or unsatisfied this won’t automatically stop you from getting a mortgage or remortgage.
Despite the mortgage credit crunch there’s still many lenders in the bad credit mortgage market still prepared to lend to people with one or more unsatisfied CCJs although it would hinder any attempts to get amortgage from any high street lender.
As you would expect the mortgage rate offered is likely to be greater and the rate essentially depends on the amount of money owing on the CCJ(s) together with how old the CCJ or CCJs are etc.
Our expert brokers use specialist lenders whose criteria often ignores satisfied CCJs if they are for less than £250. In addition some lenders ignore satisfied CCJs completely or if they a certain number of years old.
However, if you’re in the precarious position of having unsatisfied CCJs against your name then the volume of lenders in a position to offer you a mortgage is substantially less. Despite this factor, it’s still possible to find a mortgage whether you’re looking to buy a property or simply to remortgage your existing property, which you may wish to undertake to repay some or all outstanding debts.
To find out exactly what’s available just give The Bad Credit Mortgage Centre a call…
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