Can a mortgage is got by me with a CCJ?
Some loan providers will straightaway dismiss your case should your credit file contains reference to a County Court Judgement (CCJ), even in the event it’s been settled. Bad credit lenders, but, will require an even more good look at the specific situation so long as you meet other distinct eligibility requirements, you’ve got a fairly sized deposit (usually 10% or higher), and/or your CCJ ended up being registered significantly more than 36 months ago.
CCJs registered into the last a year could have far more of the impact that is negative your odds of securing a home loan offer. Specially big CCJs, multiple CCJs, and CCJs that is satisfied restrict your options further.
Can I have a home loan after defaulting?
Numerous loan providers will not loan to some one with defaults on the credit history. Nonetheless, youвЂ™ll be pleased to listen to that we now have some credit that is bad loan providers that specialise in standard home loan and you will be willing to review your entire credit history вЂ“ not merely one вЂ“ and measure the level of danger active in the loan from there. […]