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Declaring bankruptcy when applying for a mortgage
Comments
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Don't worry I wouldn't - just wondered whether it's logged for life and apparently it is.This would be a criminal offence, you would be obtaining money by deception and they stand a good chance of catching you out i strongly recommend you don't go down this route!
You could end up losing your home, left with a massive debt and a criminal record, you may end up doing time too.0 -
Thanks for this - what infuriates me is these business that go bust then set up the very next day as a different name! NW was recommended, but I guess I'll need to keep trying.Radiantsoul wrote: »Being made bankrupt 11 years ago ought not to preclude a mortgage, but you may need to speak to a mortgage broker. The building societies tended to be more risk adverse in the past.0 -
I DID declare it!Did you tell Nationwide that you hade been bankrupt previously? As far as I am aware all mortgage providers ask this question. The details of both bankruptcies and IVAs is on the Insolvency Register permanently, which is checked by mortgage providers. So it fallls of your credit record but remaians public knowledge, permanently. This should have been explained to you before your entered the BR arrangment.
If you failed to declare BR on your form to Nationwide, they will reject you outright for failure to declare relevent information. You need to check whether they have registered a CIFAS warning indicating potential fraud.0 -
Mrsmull2007 wrote: »Don't worry I wouldn't - just wondered whether it's logged for life and apparently it is.
It will remain on the public record for ever.
Check out The London Gazette.0
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