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Mortgage from specialist lenders to Banks?

myright
myright Posts: 689 Forumite
in Mortgages & endowments
If I was to get a mortgage from a specialist lender as I have a CCJ

Would I be able to change to a high street bank/ lender with better intrest rates after the CCJ is removed from my record?

And is there a huge different between high street lenders to specialist mortgage lenders?

thanks for any advice.

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Assuming you met criteria for a high street lender you could apply to change.

    Specialist lender rates are generally higher but the mortgage would operate in the same way as any other.

    Is the CCJ your only credit issue? When was it put in place and for how much? What deposit do you have and how much do you want to borrow?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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