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First time mortgage after Bankruptcy, Is it possible?
Welshlad_4
Posts: 3 Newbie
Hello everyone,
Firstly I'd like to say thanks for all the advice I've picked up since I started lurking here about a month ago! :j
My questions is this.... Would it be possible to get a mortgage with my bank after I was made bankrupt 2 years ago? I was discharged from the bankruptcy a year ago, and have been with the same bank all the way through the process?
One advantage I would have is a large deposit, gifted to me by my Grandmother who recently passed away, here are the figures...
House price £96,000
Mortgage required £105,000 - Extra money for decoration & furniture.
Deposit £75,000
I am in full time work, (have been with the same employer for the last 5 years) and my current income is £15,000pa with very low outgoings (100 - 200 pm).
So would I be able to go to my bank and get a mortgage?
Thanks :beer:
Firstly I'd like to say thanks for all the advice I've picked up since I started lurking here about a month ago! :j
My questions is this.... Would it be possible to get a mortgage with my bank after I was made bankrupt 2 years ago? I was discharged from the bankruptcy a year ago, and have been with the same bank all the way through the process?
One advantage I would have is a large deposit, gifted to me by my Grandmother who recently passed away, here are the figures...
House price £96,000
Mortgage required £105,000 - Extra money for decoration & furniture.
Deposit £75,000
I am in full time work, (have been with the same employer for the last 5 years) and my current income is £15,000pa with very low outgoings (100 - 200 pm).
So would I be able to go to my bank and get a mortgage?
Thanks :beer:
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