We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage after bankruptcy?
Options

mrsbadcrumble
Posts: 15 Forumite

Hi there, just wondering if anyone has experience of this, or could offer some advice?
Following a failed IVA / divorce voluntary surrender / bankruptcy I'm now looking to buy a house with my new partner.
I was discharged from bankruptcy in 2010, and have had no issues since. Our combined income is over £50k, no outstanding debt other than a mortgage of about £30k on a property worth £120k in his name only. We'd be looking to borrow up to £100k in both names to purchase a new build, LTV would be about 50-60%. Partners credit is spot on, mine is obviously marred by the discharged bankruptcy but affordability and deposit is not an issue.
Basically, would it be possible? Can anyone recommend any lenders that would be more accommodating of an ex-bankrupt? Anyone had a similar experience? All help / comments welcome.
Thanks
Following a failed IVA / divorce voluntary surrender / bankruptcy I'm now looking to buy a house with my new partner.
I was discharged from bankruptcy in 2010, and have had no issues since. Our combined income is over £50k, no outstanding debt other than a mortgage of about £30k on a property worth £120k in his name only. We'd be looking to borrow up to £100k in both names to purchase a new build, LTV would be about 50-60%. Partners credit is spot on, mine is obviously marred by the discharged bankruptcy but affordability and deposit is not an issue.
Basically, would it be possible? Can anyone recommend any lenders that would be more accommodating of an ex-bankrupt? Anyone had a similar experience? All help / comments welcome.
Thanks

0
Comments
-
I think there is every chance of success, with a high street lender.
As you have done here, you have to declare the bankruptcy as the solicitors will search and have to alert the lender.
The criteria differs from bank to bank, so would suggest you engage a broker who can manage this for you..
Good luckI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards