Kensington Mortgages on offer 'for those with CCJs'

Date:Monday 29th March 2010
Author: Susanna Kavka

Prospective house buyers who have a county court judgement (CCJ) or a default against there name will still be considered for a mortgage with Kensington, it has announced.

The company will consider applicants for a two-year and a three-year deal with a loan-to-value of up to 70 per cent, even though they would likely be turned away from another institution.

Conditions of the offer include that it will consider prospective buyers who have two CCJs totalling £750 or less, as long as they have been satisfied in the last six months.

Charles Morley, head of sales and product development at Kensington, explained that the recession had led some people to have issued with finances when they would have otherwise been considered good customers.

Those who already have a mortgage have been advised to keep an eye on the market as a standard variable rate loan could cost them more than a fixed-rate deal, according to Unbiased.co.uk.