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  • FIRST POST
    • davescot691
    • By davescot691 30th Sep 16, 8:00 PM
    • 36Posts
    • 23Thanks
    davescot691
    5 years post bankruptcy
    • #1
    • 30th Sep 16, 8:00 PM
    5 years post bankruptcy 30th Sep 16 at 8:00 PM
    Hi All,
    just wanted to share my experiences post b/r with you. there is light at the end of the tunnel! I was made bankrupt in june 2011 and am now in a house that I managed to secure a mortgage on in april this year. I have a credit card with a large credit limit and never missed a payment. crucial to getting yourself clear is to tidy up your credit file and be persistent. I had 15 creditors initially, one ccj and of course my bankruptcy. now the only thing left on there is my bankruptcy which will drop off around july next year. chin up....it gets better!
Page 1
    • willbr
    • By willbr 30th Sep 16, 8:47 PM
    • 34 Posts
    • 4 Thanks
    willbr
    • #2
    • 30th Sep 16, 8:47 PM
    • #2
    • 30th Sep 16, 8:47 PM
    I was discharged today and I already see light at the end of the tunnel!!! There where ups and downs through last year but people here were extremely supportive when I needed it and big thank you for that. I want to secure a mortgage at least after four years and people were talking here that Nationwide (me thinks ) lends after three years. I have a plan in my mind and if I will be successful with it I will be proud home owner in four years. It definitely gets better and actually it gets better from day one you are bankrupt. So everybody who are on undischarged bankruptcy or who just thinking to go this way be sure that worst times are in the past and it can get just better and better.
    • betterdaysahead
    • By betterdaysahead 4th Oct 16, 10:25 PM
    • 111 Posts
    • 59 Thanks
    betterdaysahead
    • #3
    • 4th Oct 16, 10:25 PM
    • #3
    • 4th Oct 16, 10:25 PM
    Hi All,
    just wanted to share my experiences post b/r with you. there is light at the end of the tunnel! I was made bankrupt in june 2011 and am now in a house that I managed to secure a mortgage on in april this year. I have a credit card with a large credit limit and never missed a payment. crucial to getting yourself clear is to tidy up your credit file and be persistent. I had 15 creditors initially, one ccj and of course my bankruptcy. now the only thing left on there is my bankruptcy which will drop off around july next year. chin up....it gets better!
    Originally posted by davescot691
    Congratulations! Do you mind me asking who you went through for your mortgage and how much of a deposit you had compared to the cost of the property? Did you manage to get a competitive rate or is it much worse as a result of the bankruptcy?
    • rjwr
    • By rjwr 5th Oct 16, 9:35 PM
    • 94 Posts
    • 63 Thanks
    rjwr
    • #4
    • 5th Oct 16, 9:35 PM
    • #4
    • 5th Oct 16, 9:35 PM
    Congratulations! Do you mind me asking who you went through for your mortgage and how much of a deposit you had compared to the cost of the property? Did you manage to get a competitive rate or is it much worse as a result of the bankruptcy?
    Originally posted by betterdaysahead

    Mines 25k on a 140k house. 2% and with accord mortgages ( Yorkshire building society)
    • dippyjones
    • By dippyjones 5th Oct 16, 11:05 PM
    • 38 Posts
    • 5 Thanks
    dippyjones
    • #5
    • 5th Oct 16, 11:05 PM
    • #5
    • 5th Oct 16, 11:05 PM
    Wow! That really is a light at the end of the tunnel! Well done you! x
    • davescot691
    • By davescot691 11th Oct 16, 6:49 PM
    • 36 Posts
    • 23 Thanks
    davescot691
    • #6
    • 11th Oct 16, 6:49 PM
    • #6
    • 11th Oct 16, 6:49 PM
    Hi betterdaysahead....i managed to secure a mortgage with a 15% deposit with principality building society through a broker at a very competitive interest rate in a 2 year fixed deal
    • ukamber1
    • By ukamber1 27th Oct 16, 3:34 PM
    • 76 Posts
    • 14 Thanks
    ukamber1
    • #7
    • 27th Oct 16, 3:34 PM
    • #7
    • 27th Oct 16, 3:34 PM
    Hi betterdaysahead....i managed to secure a mortgage with a 15% deposit with principality building society through a broker at a very competitive interest rate in a 2 year fixed deal
    Originally posted by davescot691

    EDIT: Just read users are not allowed to recommend brokers on website!

    Sorry for asking!
    Last edited by ukamber1; 30-10-2016 at 6:52 PM. Reason: error
    • dippyjones
    • By dippyjones 30th Oct 16, 4:34 PM
    • 38 Posts
    • 5 Thanks
    dippyjones
    • #8
    • 30th Oct 16, 4:34 PM
    • #8
    • 30th Oct 16, 4:34 PM
    Wow!! This is inspirational. I know for us, it would be the 'security' of knowing when we need to upgrade things, its not worrying about finding money for yet another second hand piece but if we wanted to get a new sofa/TV/appliance, we can get a CC or next account. Or get decent finance or a decent car (perhaps even a brand new one ��)

    But that is way down the line for us. For now, it's getting all our ducks into a comfortable and routine line....

    Thanks for sharing the light at the end of the tunnel! x
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