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mortgage with CCJ

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Richie88 | 17:21 Mon 15th Jun 2009 | Business & Finance
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is it possible to obtain a mortgage even though I have a CCJ? I have a large deposit and no other outstanding debts. Please advise.

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It is not impossible to get a mortgage with a CCJ but you may find that it excludes from the top mortgages available.

You said that you 'have' a CCJ so it might make sense to pay off the CCJ with the money you have as a deposit.

However, if it is a small CCJ (for example, less than �500) it may not matter. It may also be ignored depending on how long ago you had it (3 years ago or more).
We were refused a mortgage because I had a CCJ for �34! I was unaware of this as it was a catalogue account which I had paid to the agent but she didn't pay it to the catalogue company. I paid the �34 to clear the CCJ and we got the mortgage.

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