If you have a CCJ and are looking for a mortgage, shopping around will pay huge dividends in the long-term. Understanding your position and the options available will allow you to rationalise your situation, accurately, in a way that will ensure you get the best possible deal.
Specialist CCJ Lenders
The vast majority of individuals with CCJs will need to approach Specialist lenders in order to obtain their mortgage.
CCJ Mortgage Brokers
Anyone considering a mortgage through a specialist mortgage provider should first consult a mortgage broker. As specialist providers will often have different terms such as extended tie-in periods or step increases in interest rates, it is important to ensure that you seek specialist advice. Bear in mind that basing your judgment purely on the initial monthly costs may be misleading.
Debt Assistance Organisations
If you have a CCJ, then it is advisable to obtain information in relation to the debt and to ensure that you deal with any ongoing issues that could jeopardise your chances of obtaining a mortgage.