With a CCJ in your credit history, finding a mortgage can be a very difficult task. There are only a handful of lenders who are still willing to offer mortgages to such individuals. However, with the help of a good broker, you can still manage to find a lender who would be willing to offer you a CCJ mortgage.
Most of these lenders can be found online but there are also a few who can be found providing their services in Devon, Fareham, Hertfordshire, Huddersfield, Wales, Wokingham, Ireland, Milton Keynes, Portsmouth, Southampton, Torquay, Wales, Warsash and Yorkshire. Some of these lenders would provide a loan to value LTV of 80%, 85%, 90%, 95%, 100% and sometimes even 110% for some cases.
One of the best ways to find lenders that would provide you the best CCJ mortgages is to contact online brokers and loan arranging companies like Fair Investment, Adverse Mortgage Centre, Fancy Mortgages etc. These companies would be able to find a lender for you that offers guaranted mortgages.
This would be a great way for you to move out from your rental property and not pay any rent. With the help of a good broker, you can easily get advice on how to get a quote, give you more information on the best rate in the market, interest rates, online calculator to compare and find the cheapest fixed rate mortgage etc.
The handful of lenders that do provide these mortgages do so at a higher interest rates which is a drawback that has to be dealt with.
Some of the types of properties that you can invest in if you have CCJ mortgage are bedsit, holiday cottages, guest house, regulated tenant properties.
Your goal should be to find a good subprime lender that would be able to offer you flexible no credit check sub prime mortgages even if you have adverse, non status, bad credit or even if you are self cert. Once you decide which lender you want to go for, you would have to fill up a short application form and submit it.