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Mortgages

Carlos1981
Carlos1981 Posts: 19 Forumite
in Bankruptcy & living with it
Hi my first post!!

In the process of filing for BR. Hopefully will be keeping our house
As no equity in it.

I was wondering will I ever get another mortgage or a decent offer of a remortgage when gone bankrupt in the future? Or does it depend if I have a ridiculous deposit!!!

Also does anyone know what the OR is like in hull?

Thanks

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Carlos1981 wrote: »
    Hi my first post!!

    In the process of filing for BR. Hopefully will be keeping our house
    As no equity in it.

    I was wondering will I ever get another mortgage or a decent offer of a remortgage when gone bankrupt in the future? Or does it depend if I have a ridiculous deposit!!!

    Also does anyone know what the OR is like in hull?

    Thanks
    Give it 6 years and it'll all be back to normal and you can get some very good rates on mortgages. Hopefully by then you'll have enough deposit or equity to move.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • luvchocolate
    luvchocolate Posts: 3,487 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Hull eh? mine was really nice a young man, who was very kind and helpful, I now have a trustee cos properties involved they are across the water but came to my home for a meeting.
    they were all lovely x
  • CanItGetWorse
    CanItGetWorse Posts: 66 Forumite
    Sorry to hijack! HappyMJ is the six year thing true? I know my BR will come off my credit file after six years but I thought I'd always have to declare it when it came to mortgages? Or is it a case of don't ask don't tell? ;)
  • droiderm
    droiderm Posts: 778 Forumite
    Seventh Anniversary 500 Posts Combo Breaker
    You will have to declare it
    Some lenders won't touch you even after 6 years
    It will not be easy.
  • dojoman
    dojoman Posts: 12,027 Forumite
    CanItGetWorse wrote: »
    Sorry to hijack! HappyMJ is the six year thing true? I know my BR will come off my credit file after six years but I thought I'd always have to declare it when it came to mortgages? Or is it a case of don't ask don't tell? ;)

    You only have to tell them if they ask you.
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • mysterio_2
    mysterio_2 Posts: 525 Forumite
    500 Posts
    and they DO have ways of checking if you try to bluff em ;)
    Friends help you move. Real friends help you move bodies.
    :p
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