Adverse Credit Mortgage With CCJs, Get a CCJ Mortgage

Mortgages for people with county court judgements

At any point in time there is a significant number of people who cannot access mainstream mortgages because of previous or current financial difficulties such as CCJs.

Where there is something about the borrower that does not fit the standard lending criteria expected by lenders, they are likely to be turned down.

However the provision of adverse credit mortgages helps such individuals get into or sustain home ownership and in many cases gives borrowers an opportunity to sort out their finances and potentially rebuild their credit rating.

Having a history of County Court Judgments (CCJs) will count against you with some lenders, although others are more welcoming.

Initially, only a few specialist firms offered adverse credit mortgages, and activity, but things have changed rapidly over the past decade or so and the sector has witnessed many new entrants, both in the form of high street lenders, in many cases operating via subsidiary firms, and specialist
providers, including some of the global investment banks. More than 30 lenders now offer adverse credit mortgages.

The increasing numbers of borrowers who fall under what is known as the adverse or sub prime category is a reflection of modern life. The breakdown of traditional family life, more transient employment patterns and the greater reliance on credit means that nowadays a broad spectrum of individuals are likely to be adversely affected by divorce or relationship breakdown, redundancy or ill health at some point in their adult lives. This can lead to money struggles which may result in a CCJ being registered against them for defaulting on payments.

Through this website, you can contact a specialist intermediary (broker) who has access to the full range of mortgages suitable for people with CCJs. Intermediaries play a predominant role in advising on and sourcing suitable mortgages for borrowers who have CCJs or other credit problems. Within the adverse credit mortgage sector, the intermediary channel accounts for four fifths of business.