Niche Advice Limited

The good news is having a county court judgement (ccj) does not necessarily preclude you from obtaining a Mortgage with CCJ   but you will need to know you way around lending criteria. The mortgage underwriters will look at the detail of your ccj in the following ways: Individual and collective size (£) of ccj(s) Number of ccj(s) When it was registered Reason for the ccj When it was satisfied (if it has been satisfied at all) The more extreme the combination the less chance of obtaining a mortgage. How so? Well 5 ccjs totalling £25,000 that were registered two weeks ago because you couldn’t be bothered to adhere to your financial obligations is a lethal cocktail, whereas a £350 ccj registered a few years ago due to a dispute (that can be evidenced) with the provider that was settled straightaway is not so bad. You get my point! From a mortgage perspective the other main factor is how much you are putting into the purchase. The greater the deposit size the more reassured

If you are reading this article you have probably tried a Buy to let Lender and been turned down due to bad credit. The good news is mortgage brokers have access to a greater number of bad credit Buy to Let Lenders than the general public and we at Niche have helped many clients get a Buy to let Mortgages bad credit. Buy to let Mortgages bad credit can fall into a number of camps in this article we are going to explore avenues for CCJs and Defaults. I will be writing other articles on missed mortgage payments and will place them on this website. Buy to let Mortgages bad credit Lenders have different tolerances to CCJs and Defaults, and these can be grouped under the following assessment criteria:     Individual and collective size of the bad credit     Number of CCJ(s) or Default(s)     Which company registered the bad credit     When it was registered     Reason for the CCJ(s) or Default(s)     Whether the bad credit has been satisfied