| Property | Three-bedroom terraced house |
|---|---|
| Location | Leicester |
| Client | Employed couple, one with a CCJ from three years ago |
| Product | Adverse credit mortgages |
The challenge
A County Court Judgment from a disputed utility bill sat on one applicant's credit file, though it had since been paid. Their bank declined the application at the automated scoring stage.
What we did
We reviewed both credit reports before approaching any lender, so there were no surprises. We targeted lenders that accept satisfied CCJs older than a set period and assess cases manually. We provided the certificate of satisfaction and a short explanation of the dispute.
The outcome
A mortgage was approved at 80% loan to value with a mainstream-priced lender, without the need for a specialist product.
Adverse credit mortgagesMortgage options if you have missed payments, defaults, CCJs or past insolvency on your credit file.
Learn moreImportant: Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice: up to 1% of the loan, typically £500.