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can we get a mortgage and who from
eatmykings
Posts: 6 Forumite
hi all, me and my wife have been discharged from BR for just over a year now, does anyone know wheres the best place to get a mortgage, we are looking to buy a property for about 90,000 with an 8,000 deposit that we have saved up, anyone got any ideas, thanks.;)
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Comments
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Er, you have less than 10% deposit which is the minimum nowadays, plus nothing for fees.
After BR you will also have to make sure both your credit files have been cleaned up with Ex, Eq and CC. Have you done this?0 -
we could get 10% how do we find if our credit files are cleaned up?0
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There are threads on the bankruptcy board explaining how to do this.
TBH having only had a year since discharge you will struggle to get a mortgage and if you do you will find yourself paying a high rate. Bankruptcy will stay on your file for 6 years and make lenders wary.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Bankruptcy will stay on your file for 6 years and make lenders wary.
And you may have to declare your past BRs "forever". There is usually a specific question on a mortgage application form asking "Have you ever been bankrupt?"
No amount of "cleaning" your credit file will get around that, I'm afraid.Warning ..... I'm a peri-menopausal axe-wielding maniac
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