subject: County Court Judgements and Bad Credit Mortgages [print this page] A district court judge shall be reimbursed by a court for a creditor to an amount due to a debtor. County Court Judgments or CCJs affect people credit files and usually by the applicant to give up standard mortgage and apply instead for bad credit mortgages.
If the order is given by the district court, the creditor will be obliged to repay the debt within a specified period. If this does not happen, will be recorded on a CCJ, the creditorCredit file.
Once such an entry on a credit file can be very difficult to standard mortgages from high street lenders will receive. Since CCJs are so widespread, are a large number of people do not apply to standard mortgages.
This led to incredible growth in the market for bad credit mortgages, which in recent times.
In addition to the mortgage applications by outstanding CCJs, affected on a credit file that have CCJs in full at a later date to payremain on the credit file for up to six years. The lenders will see therefore be in a situation that even a outstanding debt, despite the fact that it has been deleted.
This means that a person can be forced to for bad credit mortgages for several years after the payment of their court decisions.
Many lenders will now consider mortgage applications from people who are suffering from bad credit. In fact, dozens of specialist lenders not only to bad creditMortgages have appeared in recent years, so people who have bad credit, need not necessarily be able to buy a house.
Since the market is highly specialized for bad mortgage loans and many lenders are too small to open their own branches to the public, it may be necessary for bad credit mortgages through a mortgage broker shall apply.
An independent mortgage broker in a position to the entire market for bad credit mortgage with specific searchSoftware
