Once served with a CCJ, it normally stays on your credit report for up to six years. If a CCJ is completely settled within 30 days of the date the judgment was made, it will not appear in the UK bad credit register. If a payment is made after 30 days, the judgment will still appear in the UK bad credit register, but it will be marked as being satisfied.
The judgment of a county court may be enforced in a number of ways. They can impose a fee on any property mentioned in the CCJ order, they can appoint a collection agent to your account, they can issue a reclamation warrant on your property, or they can garnish your wages until your debt is repaid.
If you are in a position that does not allow you to repay the money that you owe to a lender, a company, or an individual, you may find yourself served with a CCJ. A CCJ remortgage is the kind of remortgage you need to look into if you have been served with a CCJ by your creditors.
Remortgaging When You Have a CCJ on Your Record
Having a CCJ on their financial record is one of the many reasons that people face difficulties when they try to remortgage. If you have a CCJ registered against your name, it may affect your ability to get a mortgage or remortgage for up to six years.
To get a remortgage with a CCJ on your credit report is not an easy task. However there are some CCJ remortgage lenders who are willing to help you with your remortgage even if you have a CCJ on your record. The best way to begin looking for a CCJ remortgage is to speak with a CCJ remortgage specialist.
Mortgage companies specialising in bad credit remortgage loans take into account any previous CCJs against your name. Your CCJ remortgage rates will differ depending on how many CCJs you have, how long they have been on your record, and the total value of the CCJs. This means that these CCJ remortgage companies will look at your entire history in order to provide you with the best possible CCJ remortgage rate for your situation.
Some mortgage lenders will turn down your application for a CCJ remortgage or County Court Judgment remortgage if your judgment has not been settled or satisfied, but the current competitive market has allowed several lenders to specialise in CCJ remortgages, and this will make it easier for you to find a way to get a remortgage loan that best suits your needs.
If you're interested in learning more about CCJ remortgages, take a moment to fill out a short form, and a SimplyFinance representative will contact you shortly to connect you with a CCJ remortgage broker who will help you find the best remortgage rates for you.