CCJ Remortgage | Why You Need An Adviser
The only CCJ remortgage on the market now is available through mortgage advisers. The mortgage market in the UK has changed considerably since the credit crash and it has caused a polarisation in the market. The high street banks have stepped back from adverse borrowers and the small, intermediary mortgage lenders have had to fill the gap. But luckily for anyone looking for a CCJ remortgage there are a lot of intermediary mortgage lenders still lending in the UK, so there are still some choice and some options for those who do not have great credit.
The intermediary mortgage lenders, those who will offer a CCJ remortgage, only deal through mortgage advisers because they understand a mortgage as specialised as a CCJ remortgage needs advice. You got the CCJ in the first place because you did not make the right financial choices. You had too many bad debts and too much credit, so as you couldn’t keep control of your finances. So the lender and the adviser do not want to see you collect more CCJs and arrears because they want you to become a good borrower who can make them more money in the future.
That’s why you need an adviser if you want a CCJ remortgage, because they will be the best person to go to actually find a deal. And the deals will not be competitive. The credit crunch has meant rates have shot up in the last year, especially for adverse products. But an adviser will not just put you on a higher rate, they will talk you through what it will take to be able to handle a CCJ remortgage and how you can eventually move over to a better deal when your situation, and the country’s situation improves.
So if you need a CCJ remortgage, arrange a meeting with a mortgage adviser. But before you see them, make their job easier by arranging your finances. Make sure you have all your debts and responsibilities in order, and make sure to check your own credit score. A mortgage adviser will have a much easier job in finding a CCJ remortgage if your situation is as transparent as it can be, and you are as transparent as you can be.