We’re an ageing population with increases in life expectancy set to continue. As a result, older borrowers become more prevalent for a number of reasons and so the mortgage market has had to adapt and accommodate this growing sector.
If you have a CCJ registered against you, you could be entirely forgiven for believing that you wouldn’t be accepted by a mortgage lender. After all, the credit crunch in 2008 (yes,11 whole years ago!) created anxiety amongst lenders and rendered those of us with anything less than a gleaming credit history nothing short of ‘unclean’.
The key thing to note is that 11 years have passed. We know that lenders will never revert to their position of the mid-nineties to noughties … but things are changing.