Morgage after bankruptcy.

tboydevil01

Hi,
Me and my partner are trying to get a morgage. he was made bankrupt 5 years 2 months ago and discharged from bankrupcy 4 years 2 months ago. we would like a house worth around 135000 and currently have 10% deposit. my credit score is brilliant and my partners in good. since being made bankrupt he kept to his payments and always paid on time. we have also both been on a electroll roll at our rented adress for 5 years now. neither of us have any outstanding debt.

I am permantly contracted and earn 14000 a year
he is also permantly contracted and earns 19000 a year. we have had quotes so the earning doesnt seem to be a problem, but we did apply 8 months ago and got turned down.

Is a 10% deposit to low in our situation? and what are the best companys for a morgage after being bankrupt?

I would really appreciate some helpful advise.

Many Thanks.

Dave_Ham

10% is unfortunately too low post bankruptcy.

15% is the absolute minimum and still then you will be pushing it..

Is there no-one else that could potentially go on the mortgage with you as a joint mortgage holder, although you may still need 15% on this solution.

Good luck