fbpx

How to get a mortgage with CCJ’s & Defaults

If you have any loans or credit cards, missing any payments will often result in the lender serving a notice on your credit file. Receiving a CCJ on your credit file will unfortunately show up on your credit rating for up to 6 years, making it especially difficult to get a mortgage. When you apply for a mortgage, the lender will check your credit rating and any CCJ’s will highlight that you have experienced debt/repayment problems in the past that have led to legal action being taken.

Can I get a mortgage, even with a CCJ?

A specialist mortgage lender should be able to find you a suitable mortgage that works with your current circumstances. Even if you have a payment default or CCJ’s on your file, there will be other mortgage possibilities that we can help you with – these are likely to be slightly higher in terms of interest rates, as lenders will see you as a higher risk.

Remember to speak with one of our mortgage specialists, our advisors will be understanding to your situation and quick to find you a solution.

No Comments

Post A Comment

Speak to an Advisor Now