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Mortgages can be a complex area, especially if you have a history that includes financial setbacks such as a CCJ. One common question that arises is: Can you get a mortgage with a CCJ? Eligibility, deposits & options are all important factors to consider before applying https://smartcitymortgages.co.uk/ . A CCJ (County Court Judgment) indicates to lenders that you have previously defaulted on a debt and the matter was taken to court. This can influence how mortgage providers assess your application. While it doesn’t automatically disqualify you, it does mean that lenders may request a larger deposit, offer products at a higher interest rate than usual, or apply stricter criteria. The specifics often depend on the details of the CCJ itself, such as the date registered, status (outstanding or satisfied), amount, and how many in general you have on your record. For those exploring mortgage options after a CCJ, it’s helpful to understand that lenders are generally looking for evidence of financial stability and reliability. Demonstrating a consistent income, cleared debts, and responsible use of credit can improve your chances. Some lenders specialize in applicants with past financial difficulties, while mainstream providers may be more cautious. Either way, knowing your credit report in detail before applying is a critical step. Deposit requirements can also be higher for applicants with a CCJ. While a standard mortgage might require 5% to 10% of the property value, lenders assessing higher risk may ask for 20% or more. This larger deposit helps mitigate their risk and can sometimes make approval more attainable. It’s worth noting that a CCJ doesn’t need to remain a barrier forever. Once a judgment is satisfied, it can positively impact how lenders view your application. Planning a route to approval, such as by paying off outstanding debts, maintaining a clear payment history, and comparing mortgage products, can make a tangible difference. Consulting with financial advisors or mortgage brokers who understand these nuances can provide practical guidance and help identify realistic options.