Navigating the mortgage market with a CCJ (County Court Judgement) on your credit file can often feel daunting and overwhelming. At CRC Mortgages, our experienced mortgage brokers in Liverpool are committed to helping you explore your options and securing a mortgage solution tailored to your situation, wherever possible.
We understand that financial difficulties can happen to anyone, and receiving a CCJ doesn’t have to mean the end of your homeownership dreams. Our dedicated Liverpool-based team of mortgage advisors is here to help you through the complexities of securing a mortgage, carefully assessing your specific circumstances and guiding you every step of the way.
What is a CCJ Mortgage?
A CCJ mortgage refers to a mortgage for someone who has a County Court Judgment (CCJ) on their credit record. A CCJ is issued when you fail to repay a debt, and it can negatively impact your credit score, making it harder to get approved for a standard mortgage.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT
The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £449 to £699 and this will be discussed and agreed with you at the earliest opportunity.
If you would like to speak with an adviser,
please contact us below.
Securing a Mortgage with a CCJ in Liverpool
If you have a CCJ registered against your name, obtaining a mortgage may present some additional challenges. However, it certainly does not make purchasing or remortgaging a home impossible. Many lenders take a broader look at your financial situation, considering the age of your CCJ, the amount it was for, how many CCJs you have and whether the judgement has been satisfied.
At CRC Mortgages, our advisors understand the nuances involved in CCJ mortgages and are committed to using their experience and industry knowledge to help find suitable lenders and products tailored specifically to your needs. Based in Liverpool, we have built strong relationships with lenders who may consider applicants with adverse credit histories, improving your chances of securing a suitable mortgage.
Remortgaging Liverpool: Options With a CCJ
Remortgaging your existing property can be an effective strategy for stabilising your financial circumstances or accessing additional funds, even with a CCJ. Whether you’re living in Liverpool or the surrounding Merseyside areas, our team at CRC Mortgages is ready to guide you through your remortgage options, clearly explaining your choices and working alongside you to help identify appropriate solutions for your unique circumstances.
Our advisors take the necessary time to review your current mortgage agreement, factoring in any County Court Judgements and your overall financial position. We then aim to help you find mortgage products tailored specifically for clients in your situation, always focusing on your financial objectives and practical affordability.
Why Choose Our Mortgage Advisors Liverpool?
At CRC Mortgages, we strive to offer a comprehensive and empathetic approach to mortgage advice. Our team in Liverpool is highly experienced with mortgages for individuals who have faced financial setbacks such as CCJs. Here’s why clients in Liverpool trust us to help them with their mortgage needs:
- We have extensive experience with CCJ mortgages and other adverse credit situations.
- Our Liverpool-based mortgage brokers take the time to understand your individual circumstances thoroughly.
- We offer straightforward, friendly advice to help you understand clearly what’s achievable.
- Our highly knowledgeable Liverpool advisors aim to make the mortgage process transparent and approachable, reducing complexity as much as possible.#
Working with CRC Mortgages, you benefit from our dedication and commitment to helping achieve your mortgage goals, no matter how challenging your credit history may appear.
Frequently Asked Questions (FAQs)
Can I get a mortgage in Liverpool if I have a CCJ?
Yes, having a CCJ does not automatically rule out your chances of securing a mortgage. The likelihood of approval may depend on factors such as how recently the judgement was issued, the value of the CCJ, and whether the debt has been repaid. Our advisors can assist in clarifying your options.
How long does a CCJ stay on my credit file?
A County Court Judgement typically remains on your credit file for six years from the date it was registered, regardless of whether or not you pay it off within this period.
Will my CCJ limit the lenders I can approach?
Yes, having a CCJ usually means fewer lenders may be willing to offer you a mortgage. However, there are specialist lenders available who consider applicants with CCJs. Our mortgage brokers in Liverpool can help you identify suitable lenders and mortgage deals relevant to your circumstances.
Do I need a larger deposit for a mortgage if I have a CCJ?
In some cases, lenders may require applicants with CCJs to have a larger deposit, typically as a way of managing risk. The specific size of this deposit often depends on the severity and age of the CCJ and individual lender criteria. Our team can help you understand the potential deposit requirements based on your particular situation.
Can my partner’s CCJ affect our joint mortgage application?
Yes, when applying for a joint mortgage, both applicants’ credit histories will be considered. If your partner has a CCJ, it could impact the application process. Our Liverpool-based mortgage advisors will discuss the best approach to help you achieve a suitable solution for your joint purchase or remortgage needs.
If you have any further queries regarding CCJ mortgages or wish to discuss your specific circumstances with one of our mortgage brokers in Liverpool, contact CRC Mortgages today. We are dedicated to helping you move forward positively with your property goals.