How much deposit do I need to get a Mortgage with a CCJ
This article is about obtaining mortgage finance if you have a county court judgement (ccj). It is aimed at residential mortgage customers who want a conventional mortgage; it is not open to applicants under the Help To Buy Scheme, Shared Ownership or Right-to-Buy schemes. If your credit file contains more issues other than CCJ’s and Defaults then you will need to speak to us so please complete the enquiry form on this page.
2015 has seen the progression of lending following the infamous credit crunch and now obtaining a Mortgage with a CCJ has become a reality once more.
CCJs occur when a supplier has raised the non-payment of a bill, which they believe is owed to them, to the courts; there may or may not be a hearing. Often there is two sides to the story and if the appeal against the registration is successful they can be set aside.
This article is about ccjs that are still present on a person’s credit file and how that hinders getting a mortgage.
CCJs normally are between a few hundred and a few thousand pounds, but is not unheard of to see them up to hundred thousand, either way I may be able to find a mortgage solution.
The key factors when determining whether a lender will provide a mortgage to an applicant with ccjs are:
- The size of the CCJs.
- When they were registered.
- If they have been paid off i.e. satisfied.
- Whether it was a dispute, poor finance management, due to a certain event e.g. relationship breakdown.
- The size of your deposit / equity.
There are often sticker rules if the CCJ was in relation to non-payment of tax so its vital you let us know who the CCJ was registered by and why.
Lenders prefer satisfied CCJs but this is not always a requirement of getting Mortgage with a CCJ.
Quick guide to Mortgage with a CCJ – Registered in the last 2 years
We have a number of lenders that will consider CCJs registered over 2 years ago. This table below concentrates on those that have occurred in the last 24 months.
| Registered | Number of CCJs | Amount (£s) | Deposit / Equity size |
| In last 6 months | 1 | £1,000 | 15% |
| 6 months ago | Any | £1,500 | 40% |
| 6 months ago | Any | £4,000 | 50% |
| 12 months ago | Any | £3,000 | 15% |
| 12 months ago | 5 | Any | 25% |
| 24 months ago | Any | Any | 15% |
We are one of the Uks leading brokers and have helped many clients get a Mortgage with a CCJ. We do not charge any upfront fees as we believe in delivering on what we promote before asking our clients to commit financially.
To find our more on obtaining a Mortgage with a CCJ please complete the contact form on this website or call us on 0207 993 2044.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
