Firstly, what is a CCJ?

A CCJ is a County Court Judgment, which is a court order made in England, Wales or Northern Ireland that can be registered against you if you fail to make your agreed repayments. CCJs can be issued against both individuals and companies.

Therefore, any negative mark on your credit history can affect your chances of getting credit, whether it be with a loan, a credit card or a mortgage.

If you’ve been issued with a county court judgment (CCJ) in the past, this will remain on your credit history for at least six years. Lenders decide how they treat CCJs, whether they will lend to someone who has had one and at what cost.

So, can I get a mortgage with a CCJ?

A lender will work out what amount of mortgage will be offered dependant of an affordability assessment, which is part of the process; this is irrespective of the credit status of the applicant.

People with CCJs on their credit record may be assessed differently, especially if the CCJs are recent and/or unsatisfied (not paid off). What does this mean for you? While you are accepted, you may not be allowed to borrow as much as if you had no CCJs. Also in terms of interest and fees, the mortgage may also cost you more. 

This is where we can help and support… 

Contact us today and speak to one of our specialist mortgage brokers who can help navigate the obstacles and options available to you.