Applying for a mortgage with CCJ’s showing on your credit history can make obtaining a new mortgage every difficult, most high street lenders will not allow defaults in the last 6 years. At Plus Financial solutions we have lenders that will accept CCJs within certain parameters.
WHAT IS A COUNTY COURT JUDGEMENT?
A CCJ is a judgment that a county court issues when someone has failed to pay money that they owe. CCJs are a simple way for creditors to claim the money they’re entitled to. Lenders will be able to see the date the CCJ was registered along with the amount of the judgment and information on any balance outstanding.
WHAT LEVEL OF CCJ’S WILL OUR LENDERS ACCEPT?
CCJ’s within the last 3 months:
No lenders available
CCJ’s within last 2 years:
Up to 85% of the property value, up to 5 CCJs with no limit
CCJ’s over 2 years:
Up to 85% of the property value, unlimited CCJ’s to any amount
CCJ’s over 3 years:
Up to 90% of the property value, unlimited CCJ’s and amount
CCJ’s over 4 years:
Up to 95% of property value, no limits on amount or size