Credit forms - answering honestly?

leo1975_2

Hi

Apologies if this has been answered elsewhere (although i cant see it!)

Tomorrow marks the 6 year "anniversary" since our BR discharge, therefore it will disappear from our credit files.

I have taken the appropriate steps to ensure our credit files will be clean and we are well on the way to getting our target deposit amount to get back on the housing ladder, so, my question is...

..even though there will be no trace of the BR on our credit files, if a mortgage application form asks "have we ever been bankrupt", do we need to answer this honestly or would it be fraudulent if we said no?

Thanks

PippaGirl_2

leo1975 wrote: »

..even though there will be no trace of the BR on our credit files, if a mortgage application form asks "have we ever been bankrupt", do we need to answer this honestly or would it be fraudulent if we said no?

Thanks

Answers. Yes and yes. Of course you must be honest.

droiderm

They will find out anyway before completion.
It would be a big let down in the end when you think your home and dry.
There are some lenders who will consider ex bankrupt.

droiderm

How much deposit do you have by the way?
The bigger the better.

Turbo_Toe

Hi. Am roughly in the same boat but seems we are having conflicting advice. My official receiver said I did not have to declare it, didnt and currently have a mortgage??? am currently in process of selling and buying and have forms to fill in asking the bankrupt questions also

fermi

leo1975 wrote: »

..even though there will be no trace of the BR on our credit files, if a mortgage application form asks "have we ever been bankrupt", do we need to answer this honestly or would it be fraudulent if we said no?

Technically may well be application fraud, yes.

Same as if you lied about your income etc to get the mortgage.

droiderm

Apparently all solicitors will do a bankruptcy search.
It will come out in the end.
If you don't declare it best case is your application will be refused later down the line . I personally would not waste my own time and lie .

mysterio_2

and dont forget London Gazette is searchable for LIFE entries with them dont dissapear after 6yrs