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  • FIRST POST
    • Dutsey
    • By Dutsey 12th Feb 17, 7:27 PM
    • 29Posts
    • 6Thanks
    Dutsey
    Mortgage Application with Halifax for discharged bankrupt
    • #1
    • 12th Feb 17, 7:27 PM
    Mortgage Application with Halifax for discharged bankrupt 12th Feb 17 at 7:27 PM
    Hi,

    I am looking for some advice.

    I am a discharged bankrupt and have been discharged past the 6 years mark (7 years now). I have spoken to a couple of independent whole of market financial advisers who have both advised that Halifax have the best deal.

    I have a deposit of 5% and will be on the help to buy scheme. I have read that Halifax do not accept bankrupts but my adviser feels that this is not the case.

    Should I be worried?
Page 1
    • amnblog
    • By amnblog 12th Feb 17, 7:36 PM
    • 10,000 Posts
    • 3,893 Thanks
    amnblog
    • #2
    • 12th Feb 17, 7:36 PM
    • #2
    • 12th Feb 17, 7:36 PM
    You should trust your broker.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Dutsey
    • By Dutsey 12th Feb 17, 7:39 PM
    • 29 Posts
    • 6 Thanks
    Dutsey
    • #3
    • 12th Feb 17, 7:39 PM
    • #3
    • 12th Feb 17, 7:39 PM
    I do but naturally scared on these kind of things - maybe sometimes there is too much information out there.
    • amnblog
    • By amnblog 12th Feb 17, 7:40 PM
    • 10,000 Posts
    • 3,893 Thanks
    amnblog
    • #4
    • 12th Feb 17, 7:40 PM
    • #4
    • 12th Feb 17, 7:40 PM
    A little knowledge is a dangerous thing.

    You have acted correctly in engaging a broker.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Whistler23
    • By Whistler23 13th Feb 17, 12:38 AM
    • 61 Posts
    • 18 Thanks
    Whistler23
    • #5
    • 13th Feb 17, 12:38 AM
    • #5
    • 13th Feb 17, 12:38 AM
    Look at the Halifax's lending criteria.

    "The Bankruptcy question should be answered as yes if your customer has had a bankruptcy/IVA/Debt Management Arrangement or Debt Relief Order within the last 6 years or still have an outstanding Bankruptcy Restriction Order"

    Doesn't say they refuse them.
    • amnblog
    • By amnblog 13th Feb 17, 8:02 AM
    • 10,000 Posts
    • 3,893 Thanks
    amnblog
    • #6
    • 13th Feb 17, 8:02 AM
    • #6
    • 13th Feb 17, 8:02 AM
    Look at the Halifax's lending criteria.

    "The Bankruptcy question should be answered as yes if your customer has had a bankruptcy/IVA/Debt Management Arrangement or Debt Relief Order within the last 6 years or still have an outstanding Bankruptcy Restriction Order"

    Doesn't say they refuse them.
    Originally posted by Whistler23
    They don't after 6 years. That is why the question is there in that form?

    Our OP should trust the broker.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Mattib0110
    • By Mattib0110 13th Feb 17, 10:12 AM
    • 34 Posts
    • 7 Thanks
    Mattib0110
    • #7
    • 13th Feb 17, 10:12 AM
    • #7
    • 13th Feb 17, 10:12 AM
    Just been approved with mortgage and I have a past iva from 6 years ago of which 20% of the debt was with halifax
    Had no real issues along the way either
    • Dutsey
    • By Dutsey 2nd Mar 17, 3:51 PM
    • 29 Posts
    • 6 Thanks
    Dutsey
    • #8
    • 2nd Mar 17, 3:51 PM
    • #8
    • 2nd Mar 17, 3:51 PM
    So just thought I would give a quick update.....

    I have been advised by my MA that the income has been verified and now the valuation is set for Monday 6th March. According to my MB I have passed all the credit checks and flown through the process. Is this correct? I want to get excited but can't just yet...

    My mortgage is with Halifax
    • nicholbb
    • By nicholbb 2nd Mar 17, 8:05 PM
    • 130 Posts
    • 41 Thanks
    nicholbb
    • #9
    • 2nd Mar 17, 8:05 PM
    • #9
    • 2nd Mar 17, 8:05 PM
    Dutsey
    You should trust your broker.
    Originally posted by amnblog
    To do: budget, utilities, mobile, mortgage (contacted bank), credit card stooze/reward (forum advice scrapped 123), bank switch (unsolicited good advice), pension info
    • kingstreet
    • By kingstreet 2nd Mar 17, 9:59 PM
    • 32,204 Posts
    • 17,247 Thanks
    kingstreet
    As my gran used to say, 'You don't have a dog and bark, yourself.'
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • hippychick1
    • By hippychick1 3rd Mar 17, 7:44 AM
    • 575 Posts
    • 985 Thanks
    hippychick1
    My husband and I got accepted for a mortgage with Halifax 6 months ago. He had been discharged from bankruptcy for 6 months and I had 2 defaults on my credit file from 5 years ago. We got a good mortgage deal. Sounds like you will be fine!
    Proud to be dealing with my debts
    • Marky73
    • By Marky73 8th Sep 17, 9:29 PM
    • 2 Posts
    • 0 Thanks
    Marky73
    Halifax
    Hello.
    I almost finish my discharge march 2018 off the list. Me and my wife apply shareownership with halifax will had prip mortgage been accept what our chance of getting it. I so worried .
    • Marky73
    • By Marky73 8th Sep 17, 9:31 PM
    • 2 Posts
    • 0 Thanks
    Marky73
    Marky73
    How did u do that. How much deposit i put down
    • daz181
    • By daz181 10th Sep 17, 12:14 PM
    • 2 Posts
    • 0 Thanks
    daz181
    So after 8 years, I can answer with no...
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