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Securing a new mortgage can be a daunting task, especially when you have a County Court Judgement (CCJ) looming over your credit report. A CCJ is a legal order issued by a UK court to recover outstanding debts.
As a mortgage broker in Manchester, we specialise in helping customers with various CCJ statuses, including:
1. Satisfied CCJ: This means that you have fully cleared the outstanding debt stated in the CCJ.
2. Part-satisfied CCJ: You have made partial payments towards the CCJ, but there is still some debt remaining.
3. Not satisfied CCJ: In this case, you have not made any payments towards the CCJ, and the debt remains outstanding.
4. Set aside/error CCJ: There may be instances where the CCJ was issued in error or unfairly, and it has been set aside by the court.
5. Expired CCJ: CCJs have a shelf life of six years. If the debt has not been registered against you within this timeframe, it is considered expired.
In need of a mortgage but have a CCJ in Manchester? Look no further! Our team of mortgage advisors in Manchester specialise in providing expert advice for all situations, including but not limited to:
– First time buyer mortgages with a CCJ
– Home mover mortgages with a CCJ
– Joint or sole name applications if you have a CCJ
– Remortgage deals with a CCJ
– Capital raising mortgages with a CCJ
– Debt consolidation & capital raising with a CCJ
– Interest-only mortgages with bad credit
– Self employed mortgages with a CCJ
Our team is here to assist you and answer any questions you may have about obtaining a mortgage or remortgage with a CCJ in Manchester. We understand the importance of your time and money and aim to provide you with the best solutions tailored to your specific needs.
Our expertise lies in helping individuals secure specialist mortgage products. Regardless of whether you are looking for a new mortgage or considering a remortgage, our team of experienced mortgage advisors in Manchester will guide you through the process and ensure that you are aware of all the available options.
In some cases, it may not be possible to get a mortgage with a CCJ and most of the time it is down to how long you have the CCJ and how adverse your credit is.
It is important to remember that obtaining a mortgage with a CCJ is often just the first step towards eventually qualifying for a standard mortgage in the future. This can be achieved by improving your credit score and meeting the necessary lending criteria.
Venturing into the realm of mortgages can be both exciting and intimidating. As you navigate this financial landscape, it’s crucial to be aware of all the potential obstacles that may lie ahead, including County Court Judgements (CCJs).
In England, Wales, and Northern Ireland, a CCJ is not something to be taken lightly. It is a court order that may be registered against you if you fail to repay a debt owed to a creditor. Think of it as a red flag in your financial history, a warning sign that may affect your future mortgage applications.
It’s important to understand that a CCJ is not pursued immediately by creditors. They must exhaust all other avenues to resolve the issue amicably before resorting to legal action. This demonstrates the seriousness of the situation and emphasizes the need for responsible financial management.
While a CCJ can cast a shadow over your mortgage prospects in Manchester, it doesn’t necessarily mean obtaining a mortgage is out of reach. Many individuals successfully secure mortgages despite having a CCJ against their name. The key lies in understanding the nuances and working with knowledgeable professionals who can guide you through the process.
Upon receiving a CCJ in Manchester, you will be granted a generous 30-day window to settle the outstanding amount. Should you meet this deadline, the court will send a request to have the CCJ removed from your credit file.
However, if you fail to pay off the CCJ in time, it will leave a mark on your credit portfolio. A permanent record of the CCJ will be added to your file for six years.
To avoid the CCJ staying on your credit file, it is imperative to settle the CCJ within the stipulated time frame.
If you have successfully cleared your debt, you will have a satisfied CCJ. However, failing to settle the debt owed will result in an unsatisfied CCJ.
In the world of mortgages, the time elapsed since the issuance of your CCJ holds significant weight. Generally, the longer the duration since the CCJ was granted, the better your chances of securing a mortgage are. Of course, this is still a CCJ therefore it still may be difficult to get a mortgage.
That said, if your CCJ is relatively recent, let’s say in the past year or two, and remains unsatisfied, it may be very difficult to get a mortgage.
The number of CCJs listed on your credit report can greatly affect your ability to secure a mortgage. If you have one or two CCJs in Manchester and can provide a substantial deposit of 25% or more, your chances of getting approved by a mortgage lender are higher.
However, if you have multiple CCJs, particularly if they are recent, you will need an even larger deposit to increase your chances of mortgage success. A mortgage lender will likely reject your application outright in such instances.
Additionally, some mortgage lenders have a restriction in place, only offering mortgages to individuals with a certain maximum number of CCJs. Therefore, even if you have an adequate deposit, exceeding their limit will severely impact your chances of success with them.
A CCJ can cast a lingering shadow on your credit report for a significant duration of 6 years from the day it was issued. If you’re aiming to improve your credit score in Manchester, displaying progress and dependability is vital.
To achieve this, we would recommend limiting your applications for additional credit and paying off your existing financial obligations. Maintaining a habit of regularly examining your credit report is also advisable.
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Contacted by Charlie who has been absolutely fantastic. Answered all our questions and helped us find the right mortgage for us as well as finding home insurance and survey quotes. Would definitely recommend.
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I can say only good things about this company. Our broker Matt Collinson is the best advisor we could have as a first time buyers. He kept us updated all the time, explained all the processes, he was on top of everything at all times. I definetely...
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UK MoneyMan was great. Our mortgage advisor was attentative and we had good communication throughout and in timely manner. As first time buyers, we benefited from all their professional advice.
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Excellent service. Professional and courtesy on the phone. Recommend highly.
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James
We selected MoneyMan because they were with us throughout the whole process of buying a house. As first time buyers it can be daunting with an overload of new information, however, our mortgage advisor was easily accessible and flexible and was able...
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Robert
We renewed our mortgage and the service was excellent. Everything was explained and all questions answered. We got a better rate than offered on our lenders website. Would recommend Manchestermoneyman to anyone renewing their mortgage.
2 months ago
John
Malcolm was a great support in advising us on a mortgage and communicated clearly with us throughout the process. Highly recommended Thank You
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Heather
Conor has been amazing in securing me a mortgage under unique and challenging circumstances. Where other brokers have given up, Conor was able to find me a great deal which means I’m going to be payment much less a month.
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This was our first time using a broker. The process and outcome far exceeded our expectations. Efficient, caring, dedicated, knowledgeable. Our interface to you was Dan Osman, so all of the above superlatives were down directly to him. He was an...
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Would highly recommend. Chris and Mel were incredible and kept searching for lenders for me even when I had given up hope. Will be using them again and recommending them to everyone.
4 months ago
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We used Manchester Moneyman after being recommended by a friend and glad we did. We are first time buyers and Charlie and Meghan were both great. They were really friendly, replied quickly, always on hand to answer any questions we had and got our...
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Stephen
Charlie was with me every step of the way and was always patient and helpful with questions I had about the process.
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Charlie has been amazing along with Lizzi. I can not thank them enough for their support and professionalism. We highly recommend Manchestermoneyman for all their deliverables. Once again - A big thank you.
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When you schedule a free mortgage appointment with one of our trusted mortgage advisors in Manchester, it is essential for you to disclose details about your income and expenses.
This will enable us to accurately assess your affordability and provide you with the best mortgage options tailored to your specific situation. Providing this information is vital to ensuring a smooth and successful mortgage application process.
While there are situations that might restrict your choices, our commitment is to meticulously explore 1000 mortgage options until we discover the most suitable solution for your unique circumstances.
Proceeding further, we will strive to secure an agreement in principle (AIP) that can serve as solid backing for any purchase offers you decide to put forward.
After agreeing to a purchase offer, it's time for your mortgage advisor in Manchester to kick things into gear. They will begin by meticulously preparing and submitting your complete mortgage application, along with all the necessary supporting documents.
Rest assured, they'll handle every step of this process with utmost dedication and professionalism. Your journey towards securing that dream home is well underway!
We don't just stop at securing you the best mortgage deal; we also strive to provide you with comprehensive guidance on insurance policies that can protect you and your loved ones from financial uncertainties.
Our aim is to offer you a holistic approach that covers both mortgage solutions and insurance options, ensuring that your financial well-being is our top priority.
If your credit score is giving you some trouble, we strongly suggest obtaining a recent copy of your credit report.
Having this in hand for your initial mortgage consultation will greatly benefit us in gaining a clearer understanding of your financial and personal situation. It will shed light on your goals and enable us to identify suitable deals that align with your current circumstances.
At Manchestermoneyman, we pride ourselves on our extensive network of specialist mortgage lenders. With a diverse range of lending criteria, we are able to cater to customers like you who are seeking mortgages despite having a CCJ.
Our team of mortgage advisors in Manchester possess a wealth of knowledge and experience gained from years of working in the industry. They will leverage this expertise to guide you towards the most suitable mortgage deal that aligns with your unique circumstances.
We understand that finding the right mortgage with a CCJ can be challenging, but our team is here to guide you through the entire process. Our goal is to help you secure a mortgage deal that is tailored to your specific needs and aligns with your current personal and financial situation.
Throughout the journey, we will keep you well-informed and remain highly responsive to your queries and concerns. We believe that transparency and continuous communication are vital in ensuring a smooth mortgage experience.
Let us take the stress out of finding a mortgage with a CCJ. Contact us today to start your journey towards securing the right mortgage for you.
CCJ mortgage advice in Manchester is available 7 days a week. Simply get in touch with our team by giving us a call or booking your free mortgage appointment online.
Early in the morning, during the afternoon or in the evening, book a free mortgage appointment that best suits your busy day-to-day routine.
Opting to settle your CCJ (County Court Judgment) will generally increase your chances of being approved for a mortgage in Manchester.
Unfortunately, many individuals mistakenly believe that paying off a CCJ automatically removes it from their credit report. In reality, even with a satisfied CCJ, obtaining a mortgage will still be more challenging compared to having a spotless credit history.
The record will remain visible for six years and will indicate that it has been resolved. It is always advisable to consult with a mortgage broker in Manchester before proceeding with any payments.
If you find yourself in a situation where you have a part-satisfied CCJ, it means that you have decided to settle a portion of your debt but still have some remaining unpaid. This could be due to an agreement reached with the credit company regarding repayment terms.
The good news is that with the right mortgage broker in Manchester by your side, it is highly possible to secure a mortgage despite having a part-satisfied CCJ.
By having a knowledgeable mortgage broker working on your behalf, you can increase your chances of finding a lender who is willing to provide you with a mortgage. They can assist in presenting your case in the best possible light and help you navigate through the complexities of the mortgage application process.
When your debts have not been paid off, the result is an unsatisfied CCJ that remains on your credit report for six years.
This can undoubtedly pose challenges, but fear not, for securing a mortgage is not entirely out of reach. During the application process, your prospective mortgage provider will inquire about the reason behind the missed payment, the recipient company, and the corresponding amount. This allows them to evaluate your circumstances and make an informed decision.
Having a cancelled or set-aside County Court Judgment (CCJ) works in your favour when it comes to getting a mortgage. Why? Because it indicates that the CCJ was either mistakenly issued or has been paid off before the waiting period for its issuance.
This means that despite having a CCJ on your record, you may still have a good chance of securing a mortgage in Manchester.
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Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Manchester, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Manchester, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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