We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Mortgages after Bankruptcy
Options

BYould
Posts: 77 Forumite
I was declared bankrupt two years and have been discharged for just over one year.
I will be moving abroad shortly for three years and when I come back I plan to buy my first home. I have planned it so I come back just after six years have passed since my bankruptcy and as such it and the accounts should be off my credit file.
I plan to have a 30k deposit and wondered whether what people thought about me getting a mortgage for around 200k and from whom?
Any advice welcome.
I will be moving abroad shortly for three years and when I come back I plan to buy my first home. I have planned it so I come back just after six years have passed since my bankruptcy and as such it and the accounts should be off my credit file.
I plan to have a 30k deposit and wondered whether what people thought about me getting a mortgage for around 200k and from whom?
Any advice welcome.
0
Comments
-
Don't forget to maintain credit routes open in the UK for you i.e. bank accounts, cards etc As these will mainatain your credit history.I am a Mortgage AdviserYou 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.0
-
Mortgages can be arranged for discharged bankrupts the day after they are discharged and there are quite a few who will do this.
Obviously you will need a fairly goodish deposit.0 -
As you are going away for about 5 yrs dont you think its a tad early to be asking this. In five years you might only get a garage for 200K.Who I am is not important. What I do is.0
-
I don't know where you got the idea I was going away for five years as I did write three but in any case I wondered if I would come up against any sort of problem.0
-
Well, we dont have a glass sphere to look into the future. Who knows what the lenders look for in 3 to 5 years time? You could have no problems or large problems.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards