You are here: Home - News -

My client has £1,000 in CCJs. Would it be possible for him to get a current account mortgage and if not, what other options are available to him?

  • 14/03/2002
  • 0
The criteria applied by providers of full current account mortgages such as Britannic Money and Wool...

The criteria applied by providers of full current account mortgages such as Britannic Money and Woolwich are generally the same as typical conforming and mainstream products. That is to say, adverse credit history is not acceptable. At best, only a nominal number and value of county court judgements (CCJs) would be accepted, provided they were immediately satisfied and historic.

The target market for the current account mortgage product can be defined as the financially aware customer who has large savings or a significant monthly income with which to offset mortgage interest as well as the self-employed who can make use of the current account and the flexibility for over and under payments.

Anyone who has demonstrated a lack of ability to manage their finances is not a sound risk and a track record of adverse credit will almost certainly be rejected.

If your client still wants some flexibility in their mortgage product in terms of overpayments, underpayments, payment holidays, and daily interest calculations, there are two mortgage providers which allow a moderate level of adverse history, with these full flexible features, but without current account facilities.

First, The Mortgage Business will allow up to three CCJs to £1,000 in value, up to 90% LTV for second-time buyers or for remortgages, at a 5.84% variable rate. The CCJs can be outstanding at application, but must be satisfied by completion.

Alternatively, First National Mortgage Company allows up to three CCJs to £3,000 in value, also to 90% LTV for both purchase and remortgage. The interest rate is structured as a base rate tracker, currently 5.24%. With this lender, there must be no CCJs registered in the last year for the application to be accepted.

Stuart Johnson


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
As easy as…

With so much jargon used in the non-conforming market, brokers will need to give borrowers guidance to help them through...