Now more than ever before, there is help available when it comes to getting a CCJ(County Court Judgment)Mortgage. You are one of many people who may have CCJs against you. There are many specialized lenders out there who are prepared to help you get a mortgage loan.

Here is how to better your chances in getting approved for a CCJ mortgage. You are earning a great salary which could show that you will be able to afford making the payments.You have paid off all of your County Court Judgments and you have receive a Certificate Of Satisfaction as proof. You have made payment arrangements already with your creditors on all CCJs you may have. You have a large amount of equity in a piece of property you have. You have a large deposit to put down on a piece of property and you have some savings.

Having paid your CCJs off in full can help in the determination of what kind of interest rate you could receive on a CCJ loan. It can be pretty close to those regular interest rate loans but your interest rate will still be a slight higher. What if you have low value CCJs? This could help as well in getting an interest rate that is pretty close to those traditional interest rates.

CCJ Mortgages and Your Credit Score

You can view a CCJ mortgage loan as credit repair because as you are paying off your debts and your mortgage, you are actually improving your credit.You may have to wait up to 6 years before your credit approves because a CCJ will stay on your credit record for 6 years whether you have paid your judgements off in full or not. However, once the 6 years has expired and you have been making timely payments on your loan and on your mortgage, you would have gradually improved your crediting rating. Soon you will be able to get a lower interest rate on your mortgage too.

For those who have unsatisfied County Court Judgments against you, you will still be able to apply for this type of specialized mortgage. Whether you want to buy a home or remortgage a piece of property you already have, this type of loan can help you.

There are many lenders out there that only deal with clients who have CCJs. These specialized lenders will take a look at your situation and not focus on the risk factor. In other words, the history of your credit is past history period. Their job is to look for the good in why they should approve you for a loan.

Look for a CCJ mortgage broker who is an expert in this field. A very good mortgage agent will have access to exclusive CCJ lenders. This agent should be able to find you the best programs out there that can cater to your own personal situation. Dealing with a specialized financier in this field, gives you a better chance in finding a lender who will be willing to give you a loan. And this would be base on your circumstances. Finding the right CCJ mortgage broker will cut your research time in half.

You want to find an mortgage advisor who has the experience and the credentials when it comes to handling your application. Make sure you look for a CCJ mortgage broker that is regulated by the Financial Services Authority (FSA). You will also want to know what kind of experience they have with County Court Mortgages. The reason you need to know this is because not all mortgage brokers know lenders who have a specialization in CCJ mortgages.

Your mortgage broker should be able to recommend to you the best financial products out there and if there is a problem with your application, the lender is just a phone call away. Make sure your broker has easy access to the lender you are getting your loan from.

Before you do business with a broker/lender, your first step would be to check out your credit history to see if you have any CCJs, if you have more than one, if you have a recent CCJ debt, and check your credit record for any financial errors. This will save you alot of time before applying for this type of mortgage loan. At least you will know what you will be dealing with up front. If you don't want to pull your credit report yourself, have your broker do it.

Make a appointment to meet with your CCJ mortgage advisor in person because you want to make sure all of your information is correct before it is presented to a lender. As far as how long it will take for your application to be approved, this would depend on the lender and their requirements and your circumstances. If you do a google search on CCJ mortgages, you will have plenty of companies to start your research with.