mortgage after bankruptcy

daniel_johno

Hi All,
I was declared bankrupt in april 2007 and was discharged in april 2010. Since then I have got a vanquis credit card, next account and have maintained the accounts impeccably trying to improve my credit socre which is currently around 350 so not great. I still have a black horse account showing as defaulted showing on my credit file which is dated to the same date as my bankruptcy. Is my credit score not likely to increase until these to bad references fall off my file in April?

Once my file is clear will I find it difficult to get a mortgage? I understand the mortgage brokers will ask if I have been bankrupt but could anyone who has been bankrupt before shed some light on the difficulties I may face? I am currently saving a deposit so hope to have around £20k saved by the time my credit file is wiped clean.

Thanks in advance for your help.

dojoman

Have a look at the thread below, it should be of some use to you:)


https://forums.moneysavingexpert.com/discussion/2918012