Near prime borrowers in the U.K. mortgage market may begin seeing some refinance opportunities increase as Kensington Mortgages starts considering borrowers with county court judgments (CCJs).

A CCJ is a judgement issued by the court when a borrower fails to make the payments stated in the contract of a credit agreement. The courts then set an affordable regular payment based on the individual's circumstances. Kensington plans to consider applicants who have had up to two CCJs totalling a maximum of £750 ($1,000), only if they have been satisfied for more than six months.

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