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CCJ Mortgage Brokers

Posted On : Oct-31-2011 | seen (2978) times | Article Word Count : 384 |

As the number of people with substantial debt increases year by year, then the number of people with CCJs against them.
As a direct consequence of this, the number of mortgage broker that specializes in lending to people with CCJs is also on the rise.

CCJ Mortgage Brokers

The reason for this increase in CCJ mortgages are higher mainly due to the fact that the interest of the lender to calculate the position are generally than other borrowers. Whether the mortgage banks will lend to you is on the level of risk they see in you pay the money back connected. If you are directed to a high risk of his case, in other words, there is a high risk that you may not pay in a position to return the money, then the amount of interest will be charged will also be increased be. A County Court Judgement is seen as an indicator of the risk. This does not mean that you will not be able to get a CCJ mortgage, it simply means that if you look for a CCJ mortgage, then you are judged to be at high risk case and as such you can expect a higher rate pay interest.

CCJ Mortgage - First Steps

To observe the first steps in applying for a CCJ mortgage is to ensure that you get a "Certificate of Satisfaction", if the amount of debt that you owe or have settled if the CCJ is wrong, that you ensure that the error is corrected as soon as possible. If you owed the debt within one month of the CCJ the CCJ may actually be removed from your credit file completely.
CCJ Mortgage - Expert advice

If you have CCJ, and you are looking for a CCJ mortgage, it is important to seek professional advice from a specialist CCJ mortgage broker. The more traditional mortgage lenders do not tend to give people with CCJs, as they consider the risk factor is too high. It is for this reason you must get in touch with a specialist CCJ mortgage lender, because they will be held a different view on your personal circumstances. They will assess your situation with a different set of criteria, looking for reasons to not give as only see the associated risks. These specialist CCJ mortgage brokers are the key to ensuring that the CCJ mortgage that you need.

Article Source : http://www.articleseen.com/Article_CCJ Mortgage Brokers_98219.aspx

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Keywords : steps, debt ,

Category : Finance : Mortgage

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