If you’re worried that a history of adverse credit will stop you from getting a mortgage, you’re certainly not alone — and more importantly, it’s not the end of the road. With the right support and advice, many people in similar financial circumstances still go on to secure the home they’ve been dreaming of.
The Reality Behind the Numbers
Let’s look at the facts. In the final quarter of 2024, a staggering 271,998 County Court Judgments (CCJs) were registered — that’s around 4,249 per working day. This marks a 10% increase on the previous quarter, showing that more people than ever are facing financial pressure.
The total value of judgments also jumped significantly, reaching £665 million – a rise of 21% from Q4 2023. These figures paint a clear picture: struggling with credit is more common than ever.
Personal Debt Is Rising Fast
By the end of September 2024, the UK’s personal debt had soared to £1,868.1 billion. Breaking that down, the average household is now carrying £4,308 in unsecured debt – that’s credit cards, loans, overdrafts and similar borrowing.
This is a £20.5 billion increase from the same time in 2023, and it’s not just numbers on a page. It reflects a very real shift in the financial health of UK households.
One in Six Households Are in Serious Financial Difficulty
Back in October 2021, one in ten UK households were considered to be in serious financial difficulty. Fast forward to today, and that figure has climbed to one in six. That means millions of people across the country are finding it harder to make ends meet — and you might be one of them.
The key message? You are not alone.
Your Credit History Doesn’t Define Your Future
Just because you’ve had issues in the past – whether it’s missed payments, CCJs, defaults or other forms of adverse credit – it doesn’t mean you’ll never be able to buy a home.
Many specialist lenders understand that life happens. From redundancy and illness to the rising cost of living, there are countless reasons why people fall behind. And increasingly, mortgage providers are open to working with people who have a less-than-perfect credit score.
We’re Here to Help
At the end of the day, what matters most is having the right support and guidance. We’ve helped many people just like you find a mortgage that works for their circumstances. Whether you’re a first-time buyer, moving home, or looking to remortgage, there are options out there.
So if you’re feeling overwhelmed, don’t suffer in silence.
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