A new trend has emerged in the housing market, thanks in a large part to the failures of so many bad credit and CCJ loans. It is now becoming apparent that first time buyers that would need to get a CCJ loan to get a new house are being pushed out of the market in many different ways. Right now, they are finding it hard to come up with the deposit necessary to secure a CCJ loan, and then finding that the fees on that loan are way too high anyway. Interest rates on CCJ loans continue to go up and many wonder if this type of CCJ loan will even be offered over the next few years. From the current indications, it appears as though banks don’t want anything to do with CCJ loans.Senior editor at Moneyextra.com, Robin Amlôt, said: “First time buyers are being pushed out of what’s left of the housing market – being asked for deposits that could run into several tens of thousands of pounds. ”It’s all but impossible for many potential buyers to find a lender because of the size of deposit they’re being asked to provide.” he said.
Related reading: CCJ Loan
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