Mortgage With a Recent CCJ Solutions Exist — Here Is What to Expect
A CCJ registered in the last 12-24 months is the most challenging CCJ position for mortgage purposes. Mainstream lenders will almost certainly decline. However a panel of specialist lenders specifically exists to help people in this situation — and with the right deposit and broker a mortgage is achievable.
🏦 What Lenders Look At
- Exact date of the CCJ
- Whether the CCJ has been satisfied
- Deposit size — 25%+ typically required for a CCJ in the last 12 months
- The amount of the CCJ
- The reason and whether your situation has since stabilised
❓ Common Questions
Can I get a mortgage with a CCJ registered this year?
Yes though options are limited. Bluestone, Pepper Money and Together Money will consider CCJs registered within the last 12 months with a 25%+ deposit.
Should I wait for my CCJ to be older?
Waiting does improve your options. A CCJ over 2 years old opens significantly more lenders. However if you need to move now specialist solutions exist.
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.