100% mortage and bankruptcy

paladinb

Hi I hope someone out there can help.

My partner and I are first time buyers and are thinking about trying to find a 100% mortage. We are both in full time work and are currently sharing a rented flat in Northampton. The problem is that my partner went bankrupt and was discharged just over a year ago.

So my question is what options (if any) are open to us?

Any help or advice would be a great help.

Thanks

herbiesjp

What is your income?
What amount are you looking borrow?

What was the bankruptcy for?
What was the amount and when was the bankruptcy registered as discharged?

paladinb

herbiesjp wrote:

What is your income?
What amount are you looking borrow?

What was the bankruptcy for?
What was the amount and when was the bankruptcy registered as discharged?

At the amount i'm on 22k and partner is doing contract work and is on 45k when she was declared backrupt it was for assorted credit card and loans for 38k. She was discharged April 2005

as for borrowing amount unsure at the moment as we are also looking at shared ownership maybe something between 50 - 120k?

MortgageMamma

In my experience you are lucky to get a 100% mortgage with a mild blurr on your credit rating so I dont think there is any chance.

paladinb

herbiesjp wrote:

What is your income?
What amount are you looking borrow?

What was the bankruptcy for?
What was the amount and when was the bankruptcy registered as discharged?

Did you have anything to add herbiesjp seeing that you asked the intial questions ?

Thanks

Vincenzo

I am not a mortgage broker/adviser but have some experience in financial services. By buying through shared ownership you (by definition) will not be taking a 100% mortgage. Many of the shared ownership schemes advertised offer mortgage advice - suggest you contact one of them and discuss your options.