Mortgage With a Default and a CCJ Combined Issues Can Still Be Placed
Having both a default and a CCJ on your credit file is more complex than having either one alone. The combination is viewed more seriously by lenders but specialist mortgage solutions do exist. Darryl places combined default and CCJ cases regularly.
🏦 What Lenders Look At
- Age of both the default and the CCJ
- Whether both are satisfied
- Total amounts across both
- Whether the default and CCJ relate to the same debt
- Deposit size — typically 20-25% for combined adverse credit
❓ Common Questions
Can the default and CCJ relate to the same original debt?
Yes this is common. A single unpaid debt can result in both a default and a CCJ. Specialist lenders understand this and will assess these as a single episode of difficulty.
What deposit do I need with both a default and a CCJ?
Typically 20-25% for combined adverse credit though this depends on the age and severity of each issue.
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.