A remortgage with CCJ is possible.

Today many home-owners have debt problems and, for those needing to remortgage with a CCJ it is important to know that while a remortgage with a CCJ is possible - it will not prevent a borrower from remortgaging, BUT it will prove harder to get a good deal.

A CCJ happens when a creditor is not paid and they go the County Court in an attempt to get the funds. If the debt is settled within a month no CCJ will be recorded but if it is not settled then it will remain on record for 6 years. Home-owners who want to remortgage with CCJ are considered by lenders to be an increased risk for lending. This does not necessarily mean lenders will refuse to give a remortgage, but it does mean that the best rates on the market will not be offered.

Borrowers can remortgage with a CCJ, however a borrower can end up in a worse financial situation by choosing a poor remortgage deal. Remortgages for borrowers who have credit issues are sometimes best obtained through mortgage brokers or independent mortgage advisers. These experts have the skills and experience to find remortgage deals offered by lenders that borrowers might not otherwise come across.

There are also online lenders who specialise in adverse credit and remortgage with CCJ but, before accepting any quotation or making any commitment, it is essential for borrowers to check and ensure they are authorised and regulated by FSA , this can be done by logging on to the FSA website.