Mortgage after Bankruptcy

wudbrudenot2

I declared myself bankrupt in feb 2007 (lots of debt with ex) a year later i was discharged since then i have been renting a house and have since got remarried.recently we went to the bank to see if we could get a mortgage and were given an agreement in principle and told we were ok to go for a mortgage and to go out and find a house, we have a 15% deposit ready and to save a bit more we have moved from our rented house into parents on the thought we have the agreement and could get a mortgage so we have found a house and had an offer accepted to now be told the agreement in principle does not mean a mortgage and we have tried several banks and they have all said no due to the bankruptcy even though its all done with and gone. has anyone else had this and ehat did they do or is it a complete no goer with a mortgage ?

Thrugelmir

Find yourselves a reputable local broker. They'll be a lender out there somewhere. In the meantime keep building that deposit or lower your sights for your first property to improve the LTV.

ACG

This is definitely a job for a broker. More info is needed to say if its possible but i wouldnt rule it out.

As Thrugel says, get in touch with a local broker (a decent one...not an estate agent broker) and you might have a decent chance.

GMS

Some lenders will not lend to anybody who has EVER been bankrupt.

Not declaring it will cause issues at the conveyancing stage.

Stop applying at random to lenders as this will harm your credit score further.

amnblog

15% deposit will not do the job in this case.

Without knowing your case in full we cannot be sure but I suspect any lender considering you will want 25 to 40% deposit.