The biggest problem with all of this the way the CCJ affects your ability to obtain a mortgage loan. Specialty lenders now exist because of the number of people who have had CCJ's against them. In increasing numbers, people in the UK are struggling with owing money and because of this; there are new lending products available.

If you are looking for a mortgage loan and you have a CCJ on your credit record, it may not be an impossibility to get a loan but there will be restrictions and costs. In addition to higher interest rates, the home buyer make face restrictions on when they can refinance or how far into the loan it will be before you can make extra principal payments.

Those who have CCJ's against their credit record now have more options than ever before. If you are in this category, do not be afraid to consult a mortgage expert as you try to purchase a home for yourself and your family.

Page 2 of 2 :: First | Last :: Prev | 1 2 | Next