People with good credit history can easily get mortgages, but what is the chance for people with a CCJ?
Do they have any chance to get a mortgage if they have a County Court Judgment? Although the situation might seem disastrous for people in this situation, with a little attention for detail they have real chances for a new mortgage. All they have to do is to look for the offers and choose the best lender. Some of these persons want to deal with the situation alone, but others ask for professional help from a broker agent.
Traditional mortgage lenders are not the best occasion for people in this situation. They are called traditional because the way they lend their money, thus people with a CCJ do not even have a chance at these lenders. But the economic situation is not too bright these days, so there are many other lenders who offer money even for people with bad credit history, or a CCJ. These specialist lenders even have a product for people with a CCJ: CCJ Problem Mortgage. This type of mortgage is specially designed for those persons who cannot have another type of loan, so it was created to assist those who are in this situation.
CCJ mortgages differ a little from other types of mortgages. The difference is not too big, and it mainly concerns on how quick the debtor can repay the loan, or the mortgage might have a little higher interest rate than other, common types of loans.