Bad Credit Mortgage Brokers.Credit and credit file explained.

Bad Credit Mortgage Brokers.Credit and credit file explained.
Can I get a home loan with a CCJ?

Some loan providers will straightaway dismiss your case in the event the credit file contains reference to a County Court Judgement (CCJ), just because it was settled. Bad credit lenders, but, will require an even more good look at the problem so long as you meet other distinct eligibility requirements, you’ve got a fairly sized deposit (usually 10% or maybe more), and/or your CCJ had been registered a lot more than 3 years ago.

CCJs registered into the last 12 months could have a great deal more of a impact that is negative your likelihood of securing a home loan offer. Especially big CCJs, multiple CCJs, and CCJs that is satisfied restrict your options further.

Can we get a home loan after defaulting?

Numerous loan providers will not loan to some body with defaults on the credit history. Nonetheless, you’ll be pleased to listen to there are some bad credit home loan loan providers that specialise in standard home loan and will also be ready to review all your credit history – not only one – and gauge the level of danger active in the loan after that. […]