Discharged bankrupt and mortgages

unlucky64

Hi there,

I wonder if anyone could help me with this question please?

I have been discharged from my bankruptcy for 3 years now and still have another 2 years to go before my credit file is wiped clean. However, I was wondering what my chances are of getting a mortgage before that 6 year period has elapsed. Is this something that I couldn't entertain before then or are their banks/building societies that might consider me as a discharged bankrupt? I have a good job which I have been in for 26 years so have a reliable income and my family have said they might be able to help me with a deposit.

If anyone could give me any advice, that would be much appreciated.

Thanks

unlucky64

fermi

Doubt you would have much luck via mainstream lenders.

Most people here seem to suggest going via a broker who can look at the more subprime options, but I only repeat that anecdotally.

System

There's a good thread on the subject here:

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

magswigan

Hi
I need a bit of advise please
My husband and I declared bankrupt in march 2004 and where discharged in march 2005 . We currently have an agreement in principle with Halifax for a mortgage . We have a 10% gifted by vendor deposit but the halifax only offered us 85% motgage so we are putting the other 5% in also .
When our financial adviser applyed for AIP he didnt ask us about bankrupcy but im sure when we go in this week to do the full application he will . I have read that halifax dont do mortgages for br but would it have shown up in the AIP search ? and as its over 8yrs ago do we have to declare it ? Maybe a daft question but neither of us have had a mortgage before so its new to us ?

Thanks in advance for any help

lifebeginstoday

If asked you must declare it as it will come to light when the legal begals start doing there searches.

An AIP is exactly that an Agreement in PRINCIPLE not a firm offer or contract. Always best to be upfront so as not to waste to much money if they will turn you down at last minute.

Eve1975

Me and my partner will be applying for a mortgage once my 6 years are up. I will be admitting to my bankruptcy as I have been told they will find out at the solicitor stage so best to be honest from day one. I had Halifax tell me they would never lend to a bankrupt the other day, but I then called their main mortgage number and was advised once 6 years is up it is not a definate no-no. I would be honest from the start.

dojoman

Eve1975 wrote: »

Me and my partner will be applying for a mortgage once my 6 years are up. I will be admitting to my bankruptcy as I have been told they will find out at the solicitor stage so best to be honest from day one. I had Halifax tell me they would never lend to a bankrupt the other day, but I then called their main mortgage number and was advised once 6 years is up it is not a definate no-no. I would be honest from the start.

Hi, unfortunately you do not have a choice in the matter, if you are asked are you/have you been BR then you must answer yes, otherwise you will be committing fraud, however if you are not asked then you do not have to say anything. Halifax are VERY anti BR.