New mortgage, with discharged bankruptcy

Turbo_Toe

Hi. Hoping someone can help. Im in the process of selling current house and porting mortgage (great rate) for new home with fiance coming in onit.. Everything on track but am worried old bankruptcy may throw a spanner in the works?
I have been discharged since Sept 2005 and was put on current mortgage Dec 2006 with C+G. No probs came up then.
We have a mortgage promise but when mortgage advisor asked if I had been made bankrupt I replied "no". Now Conveyancing standard forms are here and also asking if I have ever been bankupt.
Do I have to declare this and if I dont could it come up at house completion and jeopardize the sale etc?

_Andy_

Yes of course you do - it's a legal document.

_Andy_

By the way when you said 'no' on the mortgage app, you've also made a fraudulent application. Nice work

Annisele

And yes, it could come up later - bankruptcy is searchable *long* after you're discharged.

Turbo_Toe

Have current mortgage with them and said no when asked on that app as was told by official receiver I didn't have to declare it once discharged. How long does it stay on search database / history for then?

_Andy_

It's simple - if you're asked "have you ever been made bankrupt" you need to answer 'yes'. If the question was "have you been made bankrupt in the last X years" and it didn't apply you could answer 'no'.

Regardless, it will probably be picked up by the lender/sols anyway

Turbo_Toe

Am staying with current lender to whom my response was no to there question and i got the mortgage with them? So why would it show up or even bother them now? I will be upfront and declare it anyhow

GMS

What was your answer to the same question in 2006?

Turbo_Toe

No. And no comebacks

kingstreet

You are applying for a new mortgage.

You are completing a new application. Whatever you did before is irrelevant to the current situation.

Your solicitor, presumably also acting for the mortgage lender, is going to carry out a bankruptcy search, usually close to exchange.

This reveals any history of bankruptcy and the solicitor is bound to inform the lender of its existence when it is revealed.

When you were "put on" the current mortgage in 2006, was that during a purchase, or was it a remortgage or a transfer of equity? AFAIK the bankruptcy search is only done on a purchase.

Turbo_Toe

kingstreet wrote: »

You are applying for a new mortgage.

You are completing a new application. Whatever you did before is irrelevant to the current situation.

Your solicitor, presumably also acting for the mortgage lender, is going to carry out a bankruptcy search, usually close to exchange.

This reveals any history of bankruptcy and the solicitor is bound to inform the lender of its existence when it is revealed.

When you were "put on" the current mortgage in 2006, was that during a purchase, or was it a remortgage or a transfer of equity? AFAIK the bankruptcy search is only done on a purchase.

Thanks. I was added to the mortgage as my mother had the house in her name but it was actually mine just not in name at the time