Bankruptcy and applying for a Mortgage! Who can help?

Keen_to_save_the_Green

Earlier this year I was made bankrupt (voluntarily, due to a succession of unfortunate events, and not a decision made lightly).:think:

Anyway to cut a long story short, I am looking for a mortgage but as an undischarged bankrupt I wondered if this is possible. Can anyone advise or suggest a suitable lender? (I understand that a they charge a higher rate of interest).

Many thanks.:o

MortgageMamma

You are not allowed to enter into any credit agreements whilst you are undischarged sorry.

progress1712

You can get a mortgage the day after discharge but its best to wait a year from discharge more lenders will consider you. Also a deposit of 10-20% will probably be needed, some ask for a fee as well . I would personally spend the year saving the deposit and trying to clean up your credit files for example make sure your discharge is registerd on your files, the accounts in your bankrupcty are marked as satisfied and settled with the correct dates (the date of your bankrupcty) .This can be job in it's self but it should make life easier when applying for a mortgage..........hope that helps