An estimated one in four mortgage applicants are turned down by a traditional lender because of their past financial difficulties. But do not despair as there are plenty of lenders who can help.

A mortgage is not beyond the reach of anyone who may have experienced financial difficulties in the past, even people who have previously been turned down or rejected.

Fortunately, there is a growing number of specialist lenders sympathetic to people with CCJs, payment arrears, defaults, previous IVAs, bankruptcy and people who have been turned down elsewhere.

Many of these lenders belong to mainstream operations, but are set up under different brand names. The non-standard lenders will look at the facts in each and every individual case and assess its level of risk. They will then offer a mortgage priced accordingly.

Many people are completely unaware they have County Court Judgments (CCJs) against them until their mortgage application is rejected. In fact, over three million people in the UK have CCJs and what many don't realise is that they stay on record for six years.

Lenders these days will take into account the details of your case. For instance, they will look at how many CCJs you have had, the amount of the debt and how quickly the debt was settled. They will also consider your current income and savings record. If your difficulties arose from circumstances out of your direct control, such as a recession or the break up of a marriage, lenders are now more likely to consider you.

The major issue for lenders is stability so the longer you've been back on your feet, debt free and saving, the better it will be for you. You may find you have to pay a higher than normal rate of interest for your mortgage initially but, once you have been making your repayments on time for a set period some lenders will let you move to the Standard Variable Rate.

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