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Mortgage after bankruptcy
lostcause82
Posts: 148 Forumite
Has anyone managed to get a mortgage after discharge? If so what deposit did you need? I just want to know if it is realistically an option I've not actually started looking in to it seriously.
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Comments
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very difficult but not impossible....with at least 80% or so deposit in a while (3yrs + from date of discharge)
http://www.adverse-mortgage-centre.co.uk/mortgage-after-bankruptcy.htmlWe all die. The goal isn't to live forever, the goal is to create something that will0 -
Don't think I'm in a position to save up 80%. But I suppose it was worth looking into!0
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I think he means 80% loan to value so you would need a 20% deposit0
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my OH was discharged for about 4 years before he tried although this is when they were throwing morgatges at you. (2002) He got away with a 7% depoit at the time. obviously this was a while ago an unlikely to be considered in the very near future but if you are in a position to start saving from now, i woul dsay by teh time you can get a reasonable mortgage, you may well have a good deposit saved. Thats my take on it.. once i have paid off my wedding! lolProud to be Member of BSC #92Hoping to get debt free again :wall::heart2: working hard to make my daughters proud :heart2:0
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