Self-Employed Mortgage with a CCJ

Does the date of my CCJ matter for a mortgage if I’m self-employed?

Yes, the date of your CCJ does matter if you’re self-employed and applying for a new mortgage. Mortgage lenders view older CCJs more favourably – especially if they’re over 24 months old and satisfied. 

For more recent or unsatisfied CCJs, approval from high street lenders can be harder. However, specialist lenders may still consider such applications – although possibly with a slightly higher deposit and a slightly higher interest rate.

Does the size of the CCJ affect my mortgage application as someone who is self-employed?

The size of a CCJ can impact your self-employed mortgage application. Smaller CCJs – especially those which are satisfied – are usually viewed more favourably, while larger or multiple CCJs, may limit your choice of lenders. 

However, specialist mortgage lenders are more flexible – they will consider the CCJ’s amount, age, and whether it has been satisfied.

How do you apply for a mortgage as someone who is self-employed with a CCJ?

To apply for a self-employed mortgage with a CCJ, you would need to gather your key documents – proof of ID and address, business accounts, bank statements, and a copy of your credit report. 

It’s often best to work with a specialist mortgage broker as they know which lenders accept self-employed applicants with CCJs. They’ll be able to match you with the most suitable mortgage deal. 

Can you remortgage if you are self-employed and have a CCJ?

Yes, you can remortgage if you are self-employed with a CCJ. We’ll still ask for the same documents – credit report, bank statements, and then your self-employed accounts and tax returns.

Once we’ve got that information, remortgage options available will depend on when your CCJ was registered.

Can you get a Buy to Let mortgage if you are self-employed with a CCJ?

Yes, it is possible to get a Buy to Let mortgage if you’re self-employed with a CCJ.

High street mortgage lenders typically prefer applicants for Buy to Let mortgages to have a clean credit history. Therefore, we would most likely consider a specialist mortgage lender.
Once we have a copy of the client’s credit report, we can then match them with the most suitable mortgage lender who can accept the registered CCJ.

How can a mortgage broker help? Is there anything else you would like to add?

The key point is to get a copy of your credit report upfront, along with your self-employed accounts, and work with your mortgage broker. That way, your mortgage broker will be able to confirm exactly how much you can borrow, what deposit you’ll need, and the specific terms related to any CCJ registered on your individual credit reports. 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE MOST BUY TO LET MORTGAGES.