MORTGAGE
WITH A CCJ

CCJs, also known as County Court Judgements, are judgements handed down by the courts. They are brought about by a creditor who doesn’t believe that you will repay the money owed. CCJs require you to pay any outstanding fees to the creditor.

When you are issued a County Court Judgement, you have four options:

1. Make a full payment immediately – this will prevent your details from being added to the register
2. Request to make payments in instalments or at a later date
3. Make a claim of your own against the creditor – this can be done if you believe that they owe you money
4. Dispute either the claim or the amount owed – this is a possibility if you believe the claim to be incorrect

Failing to meet the terms of your CCJ, or ignoring it, may lead to more severe action being taken against you.

Whether or not you pay your CCJ, it will stay on the Register of Judgements, Orders and Fines for six years, starting from the day the judgement was issued.

Throughout this timeframe, anyone can pay a small fee to ascertain whether or not you are included in this register. It will also appear on your credit file and is taken into account when you are applying for a mortgage with a CCJ.

The County Court Judgement will be removed from your credit file and the register, even if you have been unable to pay the entirety of the debt owed after six years have passed.

Yes! 

The majority of high street lenders will not accept your case, even if the CCJ has now been settled. However, we specialise in CCJ mortgages and have a number of specialist lenders who will be more accepting of your circumstances on the basis of a higher deposit/increased interest rate as their payoff for accepting higher risk cases.

Firstly, before you apply for our CCJ mortgages, we need to understand more about your circumstances:

• When was your CCJ registered? The more recently it was registered the bigger the effect on your options available 
• What was it for? And what was the value? Some lenders will ignore certain values 
• One or multiple CCJs? Many lenders for example won’t accept more than 2 CCJs within the last year for example
• Is it now satisfied? (Repaid in full)
• When was it satisfied? 
• Is the CCJ the only issue on your credit report? Multiple CCJs imply poorer management of credit as opposed to a one-off event

We will start with a copy of the credit report and then we will work on finding the best mortgage lenders that accept CCJs for your circumstances. One of our specialist brokers will come back to you within the hour with the best solution for you.

Remember “If we can’t help, it’s not possible".

If you pay your CCJ immediately, it will not affect the chances of securing a mortgage. However, if it is not dealt with straight away, it will be added to your credit profile and impact a mortgage application's likelihood of being accepted. Additionally, the more CCJs recorded on your credit profile, the harder it will be to gain approval for CCJ mortgages. More difficult, but not impossible.

A CCJ will reduce your credit score by approximately 250 points. Your credit score essentially acts as a risk calculator, and mortgage providers use it as part of their decision-making process – the higher your credit score, the lower the risk of lending to you. Therefore, a County Court Judgement has the potential to reduce your chances of being approved for a mortgage; but it does not make it impossible. AMS Mortgages will approach mortgage lenders that accept CCJs on your behalf.

Lenders will be more flexible the ‘older’ your CCJ registration. You will be more likely to be approved for a loan if your County Court Judgement was registered two years ago or longer, rather than a few months ago. While a new CCJ will not make getting a mortgage impossible, it will make it substantially more difficult. However, this is our market and “if we cannot help then it’s not possible”.

Some lenders will require your County Court Judgement to be satisfied before they will consider approving your mortgage. We can offer CCJ advice about the best lenders to approach wherever you are in your CCJ journey.

Yes, however, we are a whole of market broker which effectively means we have access to every mortgage possible – so if we cannot help then it’s not possible … call one of our brokers now and they will be more than happy to talk you thru your options.

Luckily, not all lenders sing from the same hymn sheet, and our mortgage advisors can help you find the best deal.

Regardless of your circumstance, the higher the deposit you have saved, the higher the chances of successfully completing one of our CCJ mortgages. The deposit required will depend on the age of your CCJ and the lender you are applying to. We can advise on how much deposit is likely to help you gain a mortgage once we understand your position. Typically, 10-15% deposit.

Regardless of your circumstance, the higher the deposit you have saved, the higher the chances of successfully gaining a mortgage. The deposit required will depend on the age of your CCJ and the lender you are applying to. We can advise on how much deposit is likely to help you gain a mortgage once we understand your position. Typically 10-15% deposit.

A CCJ will reduce your credit score by approximately 250 points. Your credit score essentially acts as a risk calculator, and mortgage providers use it as part of their decision-making process. Therefore, a County Court Judgement has the potential to reduce your chances of being approved for a mortgage; but it does not make it impossible.

The good news is that as your CCJ ages, your credit score will improve. Even better, once it is removed from your profile entirely (after six years), your credit score will increase even more. If your credit score is incredibly low, it may be worth waiting a few years before applying for a mortgage with a CCJ history. We can advise based on your specific circumstances.

The good news is that as your CCJ ages, your credit score will improve. Even better, once it is removed from your profile entirely (after six years), your credit score will increase even more. If your credit score is incredibly low, it may be worth waiting a few years for your CCJ to age before applying for a mortgage. We can advise based on your specific circumstances.

The good news is that your CCJ will be cleared from your credit history after 6 years, regardless of whether it has been satisfied. This means that lenders won’t be able to see the CCJ when they are deciding whether or not to lend you money.

When a CCJ is paid off, it is reflected with a ‘satisfied’ on your profile. It’s worth remembering that a CCJ doesn’t just impact your credit score; it also affects how a lender views you. Both CCJs and defaults will raise a red flag to potential lenders. With that said, it’s better to have a ‘satisfied CCJ’ against you than an ‘unsatisfied CCJ’, as this sends the message that you are in better control of your finances.