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  • FIRST POST
    • kittykat100
    • By kittykat100 18th Feb 17, 11:00 AM
    • 528Posts
    • 378Thanks
    kittykat100
    Mortgage success
    • #1
    • 18th Feb 17, 11:00 AM
    Mortgage success 18th Feb 17 at 11:00 AM
    Hi,

    In Feb 2009 I went bankrupt, over the next 6 years I cleaned up my credit files as best as I could.

    End of last year I and my husband was approved for a mainstream mortgage and currently we are now sitting in our own house. I thought this day would never come.

    There is hope out there for people, it is just a matter of sitting and waiting past the 6 years and there will be hope.

    xx
    ----------------------------------------------------

    Life is sometimes a bit pants but occasionally you can wear your french knickers!
Page 1
    • peterkay369
    • By peterkay369 18th Feb 17, 11:19 AM
    • 99 Posts
    • 36 Thanks
    peterkay369
    • #2
    • 18th Feb 17, 11:19 AM
    • #2
    • 18th Feb 17, 11:19 AM
    Thanks for sharing kittykat, just goes to show there is life after bankruptcy!
    • ACG
    • By ACG 19th Feb 17, 9:44 PM
    • 14,919 Posts
    • 7,508 Thanks
    ACG
    • #3
    • 19th Feb 17, 9:44 PM
    • #3
    • 19th Feb 17, 9:44 PM
    Generally speaking, there are brokers with normal rates who will consider ex bankrupts once they have been discharged 3 years.

    Each year after that opens up more options.

    Congratulations.
    I am a Mortgage Adviser
    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.
    • debt doctor
    • By debt doctor 20th Feb 17, 11:07 AM
    • 4,022 Posts
    • 5,681 Thanks
    debt doctor
    • #4
    • 20th Feb 17, 11:07 AM
    • #4
    • 20th Feb 17, 11:07 AM
    That's great news and thanks for the update.
    DD
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
    • ACG
    • By ACG 20th Feb 17, 11:19 AM
    • 14,919 Posts
    • 7,508 Thanks
    ACG
    • #5
    • 20th Feb 17, 11:19 AM
    • #5
    • 20th Feb 17, 11:19 AM
    Generally speaking, there are brokerslenders with normal rates who will consider ex bankrupts once they have been discharged 3 years.

    Each year after that opens up more options.

    Congratulations.
    Originally posted by ACG
    Sorry that should have said lenders, not brokers.
    I am a Mortgage Adviser
    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.
    • freddy911
    • By freddy911 14th Mar 17, 2:53 PM
    • 521 Posts
    • 135 Thanks
    freddy911
    • #6
    • 14th Mar 17, 2:53 PM
    • #6
    • 14th Mar 17, 2:53 PM
    Hi,

    In Feb 2009 I went bankrupt, over the next 6 years I cleaned up my credit files as best as I could.

    End of last year I and my husband was approved for a mainstream mortgage and currently we are now sitting in our own house. I thought this day would never come.

    There is hope out there for people, it is just a matter of sitting and waiting past the 6 years and there will be hope.

    xx
    Originally posted by kittykat100
    Hi Kittykat

    Congrats on the Mortgage success!

    Can I ask if you had a repossession as part of your BR?

    I'm 5 months away and just starting to look into this, I have already found one "Non mainstream" lender who will do 90% LTV with a Br and repo but I want to hold on till my file is clear with the hope a getting a high street lender and better rates. Just dont know about the Repo in conjunction with Br.
    • ACG
    • By ACG 14th Mar 17, 10:08 PM
    • 14,919 Posts
    • 7,508 Thanks
    ACG
    • #7
    • 14th Mar 17, 10:08 PM
    • #7
    • 14th Mar 17, 10:08 PM
    Hi Kittykat

    Congrats on the Mortgage success!

    Can I ask if you had a repossession as part of your BR?

    I'm 5 months away and just starting to look into this, I have already found one "Non mainstream" lender who will do 90% LTV with a Br and repo but I want to hold on till my file is clear with the hope a getting a high street lender and better rates. Just dont know about the Repo in conjunction with Br.
    Originally posted by freddy911
    You will potentially have options now, but I agree holding fire will improve your chances.
    I am a Mortgage Adviser
    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.
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