Can I get a mortgage with a CCJ for a parking ticket?

If your mortgage application has been declined because you have a CCJ for a parking ticket against you, it’s still possible to get a mortgage with a CCJ for a parking ticket, with the right help. Parking tickets are one of the most common fines or charges that people can incur.

While there are many ways to challenge a parking ticket if you think it has been issued against you unfairly, sometimes, a court will find in favour of the parking company and it could result in a County Court Judgement (CCJ) being issued against you.
While many high street lenders refuse to offer mortgages to people with an open or recent CCJ, there are some specialist lenders which have a greater appetite for risk and may be more willing to lend.

What is a CCJ?

A CCJ is an order is issued against you by a court if you have failed to repay any money you owe. This can be for a range of issues, including simple debts, missed bills or repayments, but you can also get CCJ issued against you if you fail to pay – or unsuccessfully appeal against – a parking fine.

If you owe money for an unpaid parking fine, the creditor can apply for a CCJ against you if they think you won’t repay what you owe them. If the court finds in favour of the parking company, it will issue a CCJ against you to order you to pay it.

Once you receive a CCJ notice against you, you can either pay back the money you owe in full or apply to the court to pay it back in instalments. If you don’t think the claim is correct, you can either dispute the amount in court or issue a counterclaim against the creditor. If you fail to respond to a CCJ or don’t meet its terms, the court can take enforcement action to recover the money on behalf of the parking company, which may include having your car towed away, impounded, or repossessed.

Unfortunately, a CCJ that’s less than six years old will appear on your credit record and affect your credit score, which could impact your chances of getting a mortgage. 

How do bad credit mortgages work?

Bad credit mortgages are just like regular mortgages, but because there is more risk involved for the lender, they tend to come with higher interest rates and stricter limits on how much you can borrow. That’s because the risk is mitigated by the higher interest rates and larger deposit you pay. If your credit score is high, lenders will view you as less of a risk and so your chances of getting a regular mortgage, with lower interest rates, approved are higher.

If you have a low credit score – because you have a recent CCJ for a parking ticket against you, for example – lenders will view you as riskier, meaning your options narrow. There are many types of bad credit mortgages available, including fixed, variable, and discounted rates.

The interest rate you’ll pay, and the amount you’ll be able to borrow will vary from lender to lender and will depend on your credit score. 

How do I get a mortgage with a CCJ?

If you repay the full amount requested by the CCJ within one calendar month of it being issued, it won’t appear on your credit record. Likewise, if you dispute it and persuade the Court it was issued in error, the CCJ could be set aside and not appear on your record.

So, responding quickly to a CCJ is always the best option.
However, if you have a CCJ for a parking ticket against you, the best rates and the number of mortgages available to you will be more limited. But, with the right support, you should still be able to find one that’s right for you. So, it is possible to get a mortgage with a CCJ for a parking ticket, but you’ll need to demonstrate to the lender that you can afford the repayments and can manage your finances sensibly.

To get a mortgage with a CCJ, you’ll need to show the lender that you are a responsible borrower. Aside from the CCJ, if you have a good record for meeting all your regular payments on time, reducing your monthly outgoings, and not taking on any new debt, it will help. The more you can save for a deposit the better, too.

Contact us for more information about getting a mortgage with a CCJ

My Mortgage Pro is a professional mortgage information service. While we don’t give advice, we aim to provide you with simple, jargon-free, no-nonsense information about successfully applying for a mortgage with a CCJ for a parking ticket to help you make the right choice.

We can also connect you with a specialist mortgage broker from our parent company James Alexander FS, who are authorised and regulated by the Financial Conduct Authority, who will provide advice tailored to your specific circumstances and help you find the right mortgage, fast. To find out more and request a call, fill out the form below.