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Buy to let and deposit query

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  • betmunch
    betmunch Posts: 3,126 Forumite
    kells1232002 wrote: »
    Mortgage brokers - what's the average interest rate on mortgages for discharged bankruptcys?

    I love that you think its that simple!

    There is no average interest rate, even for squeeky clean applicants.

    A ex-bankrupt of 2.5 years should be considering himself very lucky to get any mortgage in the current climate.

    I'm not even going to do the research to find out if it is posible, but Dave Ham might know off the top of his head if he spots this thread
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • The_J
    The_J Posts: 1,250 Forumite
    Discharged bankrupt within 2 1/2 years is tricky, Nationwide and Halifax can consider if credit since has been perfect.

    Regulated BTL is ok with:
    BM Sols
    Clydesdale
    Godiva
    The Mortgage Works
    Natwest
    Northern Rock

    as well as building societies like Manchester, Nottingham, Principality from memory.

    You absolutely need to speak to a broker.
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I'm surprised that you want to try a scheme that involves your parents having to pay tax on your rental payments to them. Isn't there a more tax efficient way?
    Free the dunston one next time too.
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