Mortgage With a CCJ Under £1,000 Good Options Available
The amount of a CCJ is one of the key factors lenders consider. A CCJ under £1,000 is viewed significantly more favourably than a large CCJ — many specialist lenders have specific criteria that treat small CCJs more leniently.
🏦 What Lenders Look At
- CCJ amount — under £500 is most lenient, under £1,000 still very manageable
- Whether the CCJ has been satisfied
- Age of the CCJ
- Whether there are any other CCJs or adverse credit markers
- Overall credit profile and income stability
❓ Common Questions
What is the threshold for a small CCJ?
Different lenders use different thresholds. Commonly £500 and £1,000. Some lenders ignore CCJs under £500 if satisfied. At £1,000 most specialist lenders will still consider you with a 10%+ deposit.
Does the CCJ amount affect the interest rate?
Yes but less so for small CCJs. A CCJ under £1,000 that is satisfied is typically priced very close to standard adverse credit rates.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
This page is for general information only and does not constitute regulated financial advice. The Mortgage Geezer is a trading style of Access Financial Services Ltd who are authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 301173. Registered in England No. 04427489. Registered office address Access Financial Services Ltd, Unit 1 Furtho Court, Towcester Road, Old Stratford, Milton Keynes, MK19 6AN.